January’s Inflation Report #homeloans #inflation #interestrates #firsttimehomebuyer

Another month, another inflation report. But because this is the biggest driver in the economy and the mortgage world, we have to unpack it. So the expectations were a 0.4% month over month increase in inflation. That's exactly what the report came in at for January. But there's a lot to unpack here. So it used to be that housing or shelter expenses made up 39% of the inflation report, which, out of eight contributing factors that's the biggest piece of the pie, is now up to 43%. So they more heavily weight housing cost or expenses. And that means rent as well. Rent is a very lagging indicator, but.