Is inflation or recession driving mortgage rates now?
Housing Wire
MARCH 14, 2023
On Tuesday, we got more confirmation that the Federal Reserve ‘s biggest fear — inflation blowing up to 1970s levels — isn’t happening, according to the CPI data. To even have something remotely close to 1970s inflation, you need a massive housing boom. As you can see below, rent inflation took off in the 1970s.
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