This is a YouTube video titled "🚨 Tomorrow’s Inflation Report and Mortgage Rates 🚨" containing a discussion between two speakers about the upcoming inflation report, its potential impact on the Consumer Price Index, Federal Reserve actions, bond tapering, and mortgage rates. The content is from December 14, 2021, and focuses on economic and financial topics related to inflation and housing affordability.
Inflation report comes out tomorrow. Many are predicting the consumer Price Index to go from 6.8 to 7.2%. This would be a 40 year record. A normal year over year is 2%. Now, the federal Reserve meets the very.
Following day on Wednesday.
Many are predicting they're going to kind of respond to a hot inflation report.
And by doing.
That, they're going to expedite the tapering of their bond buying, which I've talked before. Tapering up bond.
Buying increases mortgage rates. So many people think.
High inflation report.
Will make the Fed taper bonds, which might increase interest rates, making today still more affordable than the foreseeable future for your new home.
