Year over Year inflation remains at 2.5%, the expectation was 2.6%. The Core rate which strips out food and energy costs which the Feds are highly focused shows a core inflation rate at 1.93 Feds wanted just 2.0%.
This is all good news though nothing earth shattering. It keeps us on pace for the Feds September meeting to cut rates.
We have a fantastic Refinance program for conventional loans where we buy your rate down an extra point for a year for FREE.
Very cool program that can have a huge impact on your mortgage. Every $100k loan you have and a 1 point drop is $792 a year savings.
$500k loan that’s over $3960. The first year we drop the rate another point with another $3,960 saved.
Soft Credit pull so simple to apply and run numbers. http://www.YourApplicationOnline.com