Another uptick in the US’s annual inflation rate comes as little surprise as the US-Iran war rumbles on, but it’s still deepened uncertainty across the US housing market and clouded the interest rate outlook. “Based on the recent readings, I think any rate cuts are off the table likely through year end and a new scenario has been introduced which is a possible increase,” Glen Weinberg of Fairview Commercial Lending told Mortgage Professional America
If you missed my recent interview with Mortgage Professional America, it is a must read. The most recent CPI numbers throw a wrench into rate projections for the remainder of the year. Take a look at the chart above, the 10 year treasury has surged this year spelling trouble ahead for the mortgage market. Here are my predictions on where rates go from here.
Additional Reading/Resources:
What the latest inflation upsurge means for the mortgage market | Mortgage Professional
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Glen Weinberg personally writes these weekly real estate blogs based on his real estate experience as a lender and property owner. I’m not an armchair reporter/writer. We are an actual private lender, lending our own money. We service our own loans and own commercial and residential real estate throughout the country.
My day job is and continues to be private real estate lending/ hard money lending which enables me to have a unique perspective on the market. I don’t accept any paid sponsorships or ads on my blog to ensure accurate information. I’ve been writing this for almost 20 years and have over 30k subscribers. Please like and share my blogs on linkedin, twitter, facebook, and other social media and forward to your friends 😊. I would greatly appreciate it.
Fairview is a hard money lender specializing in private money loans / non-bank real estate
