ill leave the buisness climate on accepting inflation for those who know more than me.
I just wanted to put out there that it seems that rates are also going up due to inflation, even if it isnt so obvious in the CPI. ( a 33 point jump in a week, plus I think points are alittle higher now too!) I think the inflation genie is making a run for it.
“Application volume declined as interest rates rose. The average rate for traditional, 30-year fixed-rate mortgages rose to 6.57% during the week ended June 13, from 6.24% the previous week.
Rates for 15-year fixed-rate mortgages, a popular option for refinancing a home, rose to 6.14% from 5.78%.
The average rate for one-year adjustable-rate mortgages jumped to 7.22% from 6.87%”
