Rates, higher rates….. ?

So, hold on to your seats. For a moment it looked as though we might start seeing some much-needed relief and then;

 

“This is the most uncertain time we’ve had in terms of understanding the underlying inflationary dynamics. So I’m having to let inflation guide me and I think we’re letting inflation guide us. It may be that we have to go north of 6%” on the fed funds rate, he said. “If the banking stresses start to bring inflation down for us, then maybe … we’re getting closer to being done. I just don’t know right now.”

• Neal Kashkari, Minneapolis Federal Reserve President

 

*Just for reference, The Fed’s benchmark funds rate is currently set in a target range between 5%-5.25%.

 

Lets see what Tuesdays PMI and Fridays PCE reports look like. But, based on the recent reports not expecting any surprises. So I guess, expect to see rates continuing to rise in the near future.

 

INVESTMNENT PROPERTIES

Private money loans. Does your buyer need to close fast, no appraisal, no qualifying? We have private money loans available to purchase, refinance and remodel investment properties. Good rates, low fees, ready to move quick!