Inflation Licked? Where are Mortgage Rates Going?

The Core Personal Consumption Expenditures (PCE) Index rose by 1.8% in August versus a year ago. Core PCE measures price changes in consumer goods and services, excluding volatile food and energy components. This is the third consecutive month that year-over-year Core PCE growth has come in under 2%, significant because the Fed considers 1-2% to be [...]