Townstone Financial

Mortgage Rates are straddling a range around 7%-7.25% according to Mortgage News Daily and homebuyers are scrambling to find properties before winter. Inflation Watch: The producer price index increased a seasonally adjusted 0.7% in August, higher than the 0.4% estimate. However, excluding food and energy, core PPI rose 0.2%, in line with the estimate. The European Central Bank increased their rate another .25%. What does that mean for Americans watching the Federal Reserve? Average credit card balances continue to increase, is the consumer spending boom over? To those who celebrate Rosh Hashanah: Wishing you and your families a sweet and happy new year! As always, FREE 1 on 1 consultations available at: https://townstone.com/consultation-request/