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Podcast: The Tom Toole Sales Group Podcast
Episode: Insights on the Recent Mortgage Rate Jump - Tom's Take 363
Description: 📈 Mortgage rates surged to low 7% after a recent inflation report. Inflation hit 3.1%, exceeding expectations. Housing costs, especially shelter, rose more than anticipated.
🔍 The Consumer Price Index (CPI) tracks everyday goods' costs. The unexpected inflation caused a spike in mortgage rates. The upcoming Fed meeting in February will provide more insights.
🏠 Buyers and sellers, don't let fluctuating rates dictate your decisions. Focus on your goals and monthly budget. Consider fixed payments and explore alternative loan options.
💼 Real estate plans affected by rate volatility? Schedule a call with our team. https://calendly.com/tomtoole