What does faster inflation and rising mortgage rates mean for housing?
from First American Financial Corporation
Healthy economic growth and a strong labor market are increasing the risk of rising inflation, which increases the likelihood the Fed will raise rates faster than currently expected. The latest jobs’ report indicated a strong start to 2018, with total non-farm payroll employment increasing by 313,000. Impressively, the labor market strength was broad-based, as all industries experienced job gains in February.
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