Higher Rates Are Here For Now
- Wholesale Inflation is AS EXPECTED and INFLATION data continues to give an indication of another Fed Rate Cute in December (at the moment).
- Unemployment Applications squeaked LOWER so there’s certainly NO JOB Market Weakness.
- People are MAKING more though the cost of living (Rents, Housing, Groceries) has outpaced the real wage gains.
- Until there are signs of weakness in the economy BEGIN to appear and REALITY HITS is when we’ll begin to see mortgage rates moving lower.
- In the meantime, DO NOT EXPECT rates to go any lower for now! ☹
