It was great to receive some good news today, via our Penrith Loan Officer Jen McGeary. She reported that the core CPI dropped from .6 last month to .3 for October 2022. This suggests overall inflation is cooling. The markets responded positively and today the Dow is up 1201 points. Interest rates were reported as dropping .55% on a 30 year fixed to 6.67% and dropping .52% to 6.3% on a VA 30 year fixed.
November 10, 2022
Finally, Some Good Economic News!
by Betsy Weyer