Mortgage Market Update Lots of Activity but Little Progress and More Volatility in Sight

In this video, I discuss the recent movements in the mortgage market and why they haven't necessarily led to progress for homebuyers and refinancers. While there has been plenty of volatility in the market, with events such as the latest monthly installment of the Consumer Price Index (CPI) causing fluctuations in rates, the overall direction remains sideways. I explain the importance of the CPI in influencing interest rates and the market's indecision on whether inflation is under control or requires more rate hikes from the Fed. Additionally, I delve into the year-over-year chart of core inflation and its progress toward the 2% target. Overall, if you're looking to navigate the current mortgage market, it's essential to understand these factors and how they impact your rates and options. Tune in to learn more.

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Information provided in this video has been provided in part by https://www.mortgagenewsdaily.com/

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Jayson Bates, Owner, Electrum Financial PLLC
*Proudly Offering Purchase Mortgage Loans + Refinance Mortgage in, Arizona

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Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Jayson for current mortgage rates and for more mortgage information.

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