EPISODE · Feb 20, 2024 · 6 MIN
Insights on the Recent Mortgage Rate Jump - Tom's Take 363
from The Tom Toole Sales Group Podcast · host The Tom Toole Sales Group Podcast
📈 Mortgage rates surged to low 7% after a recent inflation report. Inflation hit 3.1%, exceeding expectations. Housing costs, especially shelter, rose more than anticipated. 🔍 The Consumer Price Index (CPI) tracks everyday goods' costs. The unexpected inflation caused a spike in mortgage rates. The upcoming Fed meeting in February will provide more insights. 🏠 Buyers and sellers, don't let fluctuating rates dictate your decisions. Focus on your goals and monthly budget. Consider fixed payments and explore alternative loan options. 💼 Real estate plans affected by rate volatility? Schedule a call with our team. https://calendly.com/tomtoole
What this episode covers
📈 Mortgage rates surged to low 7% after a recent inflation report. Inflation hit 3.1%, exceeding expectations. Housing costs, especially shelter, rose more than anticipated. 🔍 The Consumer Price Index (CPI) tracks everyday goods' costs. The unexpected inflation caused a spike in mortgage rates. The upcoming Fed meeting in February will provide more insights. 🏠 Buyers and sellers, don't let fluctuating rates dictate your decisions. Focus on your goals and monthly budget. Consider fixed payments and explore alternative loan options. 💼 Real estate plans affected by rate volatility? Schedule a call with our team. https://calendly.com/tomtoole
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Insights on the Recent Mortgage Rate Jump - Tom's Take 363
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