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"If you've got the money, honey, I've got the time." Lefty Frizzell. Gas prices edged higher recently, but consumers aren't necessarily feeling a pinch because overall inflation remains tame. While retail prices are trying to woo shoppers, receipts aren't racking up.

Despite oil hitting its 2016 high in the U.S., wholesale and consumer inflation remain tame. The March Producer Price Index (PPI) and Core PPI, which strips out volatile food and energy, both fell 0.1 percent. On the consumer side, price increases did not reach expectations, with the Consumer Price Index (CPI) and Core CPI only rising 0.1 percent.

The cost for housing, medical care and cigarettes edged higher, but these were offset by lower costs for clothing, furniture and used cars. On an annual basis, CPI and Core CPI also were below expected increases.

While price tags remain in check, consumers spent less than expected last month at department stores, clothing outlets and restaurants, further cementing the notion that economic growth slipped in the first three months of 2016. March Retail Sales fell 0.3 percent versus the 0.1 percent expected. Stripping out autos, sales were up 0.2 percent, only half of what was expected. Plus, March saw the biggest decline in demand for autos in a year.

On the home loan front, rates remain just above historic lows.

If you or someone you know has any questions about current rates or home loan products, please don't hesitate to email or call me.

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