Inflation Indicators: How PCE Affects Real Estate and Mortgage Rates

Real Estate Jerky Daily

Welcome to another episode of Real Estate Jerky Daily with your host, Ed Parcaut! In today's episode, Ed dives into the latest economic updates just before the Labor Day weekend. With his co-host Mike Kelly away on vacation, Ed brings us up to speed on key topics like the Personal Consumption Expenditures (PCE) index, recent trends in mortgage rates, and the latest news surrounding VA cash-out refinances. #### In This Episode: - **Market Updates**: Ed explains why the markets are relatively quiet, despite positive inflation data. - **PCE Index**: Breakdown of the Fed's favorite inflation gauge and its recent trends. - **Mortgage Rates**: Why now might be an excellent time to buy or refinance, including insights for VA and FHA loans. - **VA Loans Controversy**: New Day USA faces penalties for misleading cost information on VA cash-out refinances – what veterans need to know. - **Upcoming Economic Data**: What to expect next week, from ISM Manufacturing reports to employment data. #### Additional Highlights: - **Caution for Veterans**: Ed shares important advice for veterans looking to refinance, urging them to be cautious when dealing with certain online lenders. - **Agent Tips**: Why real estate agents should focus on negotiation skills to better serve their clients. - **Labor Day Plans**: Ed gives a heads-up on his brief hiatus next week and what that means for upcoming episodes. Don’t miss out on crucial updates and insightful advice from Ed Partaut! Make sure to like, comment, and subscribe for more from Real Estate Jerky Daily. Have a great Labor Day weekend and be prepared for an eventful September in the real estate market!

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