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Back on June 10, 2020, the Fed statement confirmed the Fed will not be raising rates anytime soon because unemployment is too high and inflation is too low. Since that time, lumber prices, as seen in the chart, have doubled. This will push up new home prices further. Watch the 20-year Bond auction as last week's 30-year Bond auction was a stinker.
Find out what this means for you, your partners, and your borrowers:
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