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Powell speaks and mortgage rates pay the price
Jerome Powell doesn't have to say much to put markets on edge, but "inflation is MUCH too high" was a real dousey. The market didn't like it and mortgage rates got nailed today. There is still hope but its fading. Rates are just going to keep falling like there is gravity on that chart. I screwed this video up - hate when i do that, but oh well its free! Links below :)
SUBMIT YOUR SCENARIO - get a loan quote specific for you and fast! All I need is the following info…feel free to email or text:
- Loan amount
- Home Value (purchase price)
- Approx credit score
- Condo/Detached
- State property is in
I will get back to you ASAP! :)
Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046
VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today
LINKS:
https://www.cnbc.com/2022/03/21/powell-says-inflation-is-much-too-high-and-the-fed-will-take-necessary-steps-to-address.html
https://www.cnbc.com/2022/03/21/bitcoin-options-goldman-sachs-announces-otc-crypto-trade-with-galaxy-digital.html
https://www.cnbc.com/2022/03/21/russian-bond-yields-spike-as-trading-resumes-after-month-long-pause.html
https://www.rent.com/research/average-rent-price-report/
https://www.experian.com/blogs/ask-experian/are-my-mortgage-inquiries-hurting-my-credit-scores/
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