He says it is worth listening to see if the Fed discusses the 2% inflation target, and whether it may consider removing it to allow inflation to rise. Mortgage rates would then surely have to rise.
Estimated reading time: 0 minutes, 18 seconds
Bill Bodnar of the Mortgage Market Guide discusses last week's volatility, homebuying demand, the economy, and what the Fed may say at this week's meeting.
He says it is worth listening to see if the Fed discusses the 2% inflation target, and whether it may consider removing it to allow inflation to rise. Mortgage rates would then surely have to rise.