Mortgage Rates Fall Sharply After Cooler Than Expected Inflation Report

After a cooler than expected inflation report that was announced on Tuesday 11/14/23, mortgage rates tumbled. The Consumer Price Index or CPI inflation report came in below estimates both on a month-to-month and year-over-year basis. Following this report, another interest rate hike by the Federal Reserve is virtually off the table. In today’s video, I share all the details.

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Compilation of Housing Market Forecast videos:
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Reports I shared in today’s video:
https://www.investing.com/economic-calendar/

https://www.mortgagenewsdaily.com/markets/mortgage-rates-11142023

https://www.mortgagenewsdaily.com/mortgage-rates

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 year fixed rate mortgage is around 7.4% for the current mortgage rates (at the time of filming this video for those with excellent credit).

Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?

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Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
[email protected]

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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.

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#interestrates #mortgagerates #CPIreport