Townstone Financial

Don’t say we didn’t tell you! Stocks are down with Treasury yields higher after the release of PPI (Producer Price Index) data reflecting hotter-than-expected U.S. inflation. As the last major piece of economic data to be released prior to the Federal Reserve’s upcoming policy meeting, set for March 19-20, it’s hard to argue that a “fed rate cut” is in the cards for next week. That said, we’re still seeing increased activity in both purchases and refinancing. Purchases are expected this time of year as buyers and sellers come out of their winter hibernation. Refinances are up because American consumer debt continues to rise and it’s simply better to pay 6%-7% on a mortgage than 20%+ on outstanding credit card debt. As always, FREE 1 on 1 consultations available at: https://townstone.com/consultation-request/