Posted To: Pipeline PressWhat can keep interest rates low in the United States? A slow economy. What can cause higher rates? Inflation. To no one’s surprise, U.S. tariffs have increased prices on raw materials and other costs for domestic manufacturers, according to a survey by the Federal Reserve Bank of New York . Many manufacturers say they plan to pass increases on to clients, which could apply upward pressure to inflation, while a New York Fed blog post says tariffs will cause “little or no improvement in the trade deficit.” (And for you aging LOs looking forward to tootling around on your electric bikes, well, bad tariff news there too .) Conventional Conforming News As of August 17th, ResMac B2B will no longer accept new agency Conforming, Jumbo, FHA, VA and USDA loan applications from its Wholesale and…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631