Market Update March 2024
Market Update
In January and the beginning of February, we observed a notable increase in mortgage rates, reaching levels well into the 7% range. This rise was largely influenced by higher-than-expected inflation rates, as indicated by both the Consumer Price Index (CPI) and the Producer Price Index (PPI) reports. However, I am pleased to share that the most recent Personal Consumption Expenditure (PCE) report, which serves as the Federal Reserve's preferred measure of inflation.
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