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PCE Chart

PCE Chart

Inflation ticks up Inflation (as measured by PCE) has dropped a lot since peaking at 7% in June 2022. The market had expected inflation to keep easing. But the annualized rate of price growth INCREASED from +5.3% in December 2022 to +5.4% in January 2023.

Feb 25, 2023 |

10 Year Treasury (Typically Tracks mortgage rates)

10 Year Treasury (Typically Tracks mortgage rates)

Friday 2/24/23 8:38 AM : Headline PCE inflation for January increased by 0.6%, which was above estimates of 0.3%, and increased by 0.1% to 5.4% year over year, which was higher than expectations of 4.8%. Core PCE increased by 0.6% month over month, which

Feb 24, 2023 |

Daily Interest Rate News 2/13-2/24/23 PCE 7:30 Higher than expected (Fed's favorite Inflation Indicator)

Daily Interest Rate News 2/13-2/24/23 PCE 7:30 Higher than expected (Fed's favorite Inflation Indicator)

Daily News for the Week 2/13-2/17/23 (All posts are Eastern Standard Time) What to Look for This Week? After last week’s quiet economic calendar, this week brings crucial inflation, housing and manufacturing reports. We’ll get an update on inflation when

Feb 24, 2023 |

Freddie Mac Rates Trend Up

Freddie Mac Rates Trend Up

Mortgage Rates Trend Up February 23, 2023 The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation. Our research shows that rate disper

Feb 23, 2023 |

How do I begin to build credit, even if I have no credit card or income?

How do I begin to build credit, even if I have no credit card or income?

How do I begin to build credit, even if I have no credit card or income? It is very difficult to be approved for a credit card, let alone one with favorable rates and benefits, without any previous use of credit. There are solutions, though, for students

Feb 22, 2023 |

When should I get Pre-Approved?

When should I get Pre-Approved?

When should I get Pre-approved? Anytime you are thinking about buying a home is time to get pre-approved.  You never know if you can qualify until you have applied.  Many people think they will qualify and they do not, and others think they will not and t

Feb 21, 2023 |