We saw some volatility in the market yesterday as the monthly Consumer Price Index data came out. It showed that inflation is still barging forward and, in some areas, is actually growing. Above is a chart from MBS Highway that shows where inflation is currently.
Historically speaking, the Federal Reserve raises interest rates to try to slow down demand and curtail inflation. So as inflation moves, so do interest rates. That movement can be seen in our interest rate snapshot for this week. You'll see that we are touching 6% again.
If you know any buyers who are sensitive about interest rates, please consider referring them to me for a quote. My rates are consistently lower than my competitor's, and I may be able to give your buyer the encouragement they need to step into the market.
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