In this week's mortgage update, we've witnessed a rise in rates to 7%, driven by a combination of factors. Despite weak retail sales and disappointing manufacturing numbers, inflation has surged unexpectedly, with both PPI and CPI figures exceeding market estimates. The upcoming Federal Reserve meeting holds significant weight, as they navigate their dual mandate of price stability and maximum employment. With unemployment currently at 3.9%, just below the Fed's desired threshold, and inflation stubbornly high, the Fed's upcoming actions are uncertain. The Dot plot, a tool for forward guidance on interest rates, adds to the intrigue, as markets await clues on future rate movements. Meanwhile, amidst this economic backdrop, now is an opportune moment to explore our List and Lock program, offering sellers a discounted rate upfront and up to $5,000 towards closing costs on their new purchase. Contact me for further details or visit the link provided.

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