Update to this blog page
No fewer than a dozen times did the Fed Chairman Jerome Powell say the word "disinflation" at his latest press conference. This may be a good sign for rates and the economy. For more information:
Yahoo Finance Disinflation comment by Fed Chair
7:11 am Mortgage Bonds are currently improving and the 10 year is flat at 3.396%.
The Fed is likely to bump rates up by a 0.25 today. This means the consumer will have higher:
- Credit Card Rates
- Auto loans
- Savings Accounts
- Student Loans (unless they have already locked in their rate)
Mortgage Rates should continue to go down, since the Fed Rate Hikes are slowing down the economy
Let me know if you have any questions or if I can help in any way by replying to this email or calling my cell phone 205-266-5669.
2100 Southbridge Parkway, Suite 650
Birmingham AL 35209