🚨 Inflation just SURGED back to 3.8%. That’s the hottest CPI reading in 3 years. And the really ugly part? Americans’ REAL wages are falling again. ⛽ Gas prices up 28.4% 🛒 Food prices rising 🏠 Shelter inflation accelerating 📈 Core CPI hotter than expected The market keeps hoping for aggressive Fed rate cuts... But with inflation moving BACK UP, that becomes a LOT harder. This is exactly why mortgage rates have stayed stubbornly high. Consumers are getting squeezed from every direction at once, and the inflation shock from higher oil prices may only be getting started. A lot of people waiting for “perfect timing” on housing could end up disappointed if inflation stays elevated. FOLLOW ME to MASTER your mortgage. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate #MortgageTips #Inflation #MortgageRates #Housing #RealEstate

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