Inside the Economy: The Housing Market & Inflation

SHJ Wealth Advisors

This week on “Inside the Economy”, all eyes continue to be on inflation as well as mortgage rates. We’ve seen energy, metals and other commodities trend lower, which should create some relief in the overall inflation numbers. As the Fed continues to raise short term rates, mortgage rates continue to climb. This is creating some softness in home prices and new homes being built. Will this impact the rental market? Tune in to find out. Key Takeaways: • Oil falls off highs, down to $104 per barrel • 30-year mortgages are closing in on 6% • The 10-year treasury yield is above 3%