By Shawn Jaryno, Associate Broker, EXIT on the Hudson Realty, NJ
Earlier this week I discussed rates would be between 4.30 and 4.50 on the 10 year.
The consequences of this is mortgage rates will now sit between 7.30 – 7.75 during what is traditionally the peak real estate cycle.
I discussed CPI would be out Wednesday morning, CPI is out and inflation is on the rise again as expected from my write up on February 8th.
The Federal Reserve has once again failed. I wrote some time ago about how the fed was shy of the proper target on the fed funds rate by .25 – .50.
Now that failure is playing out. Stay tuned…