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In this episode, Eddie and Tom discuss the latest inflation numbers and the Federal Reserve's interest rate decisions from June 12, 2024. They break down what these developments mean for the housing market, especially if you're looking to buy or sell a home in Phoenix, Arizona. We also analyze the implications for mortgage rates and provide a forecast based on current economic indicators.

Timestamps:

0:00 Introduction
0:02 Overview: Inflation Numbers & Fed Rate Update
0:07 Key Highlights from June 12th
0:27 Implications for Interest Rates
0:45 Core Inflation Data Analysis
1:03 Market Reactions to Inflation Data
1:31 Fed Rate at a 23Year High
2:24 Jerome Powell's Key Statements
2:45 Understanding Economic Activity & Job Gains
3:55 Inflation Trends and Future Projections
4:54 Fed's Interest Rate Projections for 20242026
5:57 Historical Perspective on Mortgage Rates
6:49 Predicting Future Mortgage Rates
7:43 Summary of Current Mortgage Rates
8:28 Conclusion and Contact Information

Source materials in the presentation have been taken from county records, Cromford Report, Redfin, Zillow, Freddie Mac, and the Economic Research at The Federal Reserve Bank of St. Louis. Signature Home Loans LLC does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only.

You should consult your tax, legal, and accounting advisors before engaging in any transaction. Signature Home Loans 1599 E Orangewood Ave Ste 200 Phoenix, AZ 85020. NMLS 1007154, NMLS 210917, and 1618695.

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