Mortgage Market Guide's recap of what happened this week and why.
The Fed announced a major policy shift as it relates to their dual mandate of promoting maximum employment and maintaining price stability. This new "average" of 2% for inflation means no rate hikes for years, but if inflation rises like the Fed wants, today's mortgage rates will be in the rear-view mirror. There is also a screaming opportunity today for would-be homeowners if inflation does rise.
Next week brings the Jobs Report as 16 million people currently remain unemployed.
Find out how this may impact you, your borrowers, and your partners in this week's video recap:
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