The ideal inflation rate is zero just like the ideal theft rate is zero.
But that’s not the world we’re living in.
A lot happened on November 12, 2022.
October’s inflation number was reported at 7.7%.
This is kinda like getting an apple at Halloween—disappointing yet still healthy. It’s the lowest reading in nine months.
This made markets surge.
Moody’s Analytics’ prominent Chief Economist Mark Zandi made the call that inflation has definitely peaked.
The 30-year fixed mortgage rate fell an eye-popping 0.6%, from 7.22% to 6.62%. Yes, all in one day.
This is Mortgage News Daily’s record single day drop (story).
We’re lucratively immersed in the worlds of Real Estate Pays 5 Ways™ and the Inflation Triple Crown™.
A future with both lower inflation and lower mortgage rates are a wash.
On your real estate, you’ll make less from inflation-profiting. You’ll make more from cash flow and principal pay down.
A growing chorus of economists feel that this is the Fed tipping point. This means that they’ll stop raising interest rates three-quarters of a point at every meeting.
Almost everyone hopes that point guard J-Powell clanks a three-pointer at next month’s meeting.
Finally, I made two really impactful videos for you. ⬇️
Two of our most powerful videos ever recently debuted on YouTube. Both involve feeling torn between awful dilemmas:
- Rent vs. Own—This answers everything. It’s the ultimate video on whether you’re better off renting or owning your own home, with 18 trade-offs. You’ll be surprised.
- Time vs. Money—Which one is your most valuable asset? Then I provide your solution to this whole conundrum.
“Rent is throwing away money.” …Is it really?
Don’t fall for it. (This will change your life.)
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