La Jolla, CA (PRWEB) August 21, 2012
Tobias Nergarden announced his opinion of the news that due to the low rate of inflation, mortgage rates are lower than what they might otherwise be today, and his opinion is that this will help home buyers and prompt new realtor marketing ideas because while there are low mortgage rates now, as well as low inflation, this could change at any time, so now is the time to buy, market, or sell property online.
According to TheMortgageReports.com, there has been a slight rise in mortgage rates lately, and this is due to renewed optimism about the economy and hopes of a housing rebound. There is so much optimism, in fact, that the mortgage rates could rise even higher. The only thing keeping them at their current low rates is the low rate of inflation. The Consumer Price Index, which is released each month by the Bureau of Labor Statistics, has been the same for two months in a row. The current rate of 1.4% is the lowest the inflation rate has been since November of 2010 and is lower that the ideal rate as established by the U.S. Federal Reserve.
The Consumer Price Index (CPI) is a statistical analysis that relies on two different kinds of data. First, there is a sample of sales information about the price of random goods from various retailers. And second, there is weighing data based around estimates of different expenditures. This index is calculated every month in the United States and in other countries may be calculated every quarter. The information provided by the CPI is used to calculate the current rate of inflation.
The Bureau of Labor Statistics is a branch of the United States Department of Labor and is used to collect information about the economy. This information is compiled into different statistical reports that are distributed to the various governmental agencies that require them. The Bureau of Labor Statistics actually predates the Department of Labor and was created in 1884 as a branch of the Department of the Interior.
The U.S. Federal Reserve is the primary regulator of banking in the United States. In other words, it moderates interest rates and designed in part to increase employment and make certain that prices are stable. The Federal Reserve dates from the Federal Reserve Act of 1913, which was enacted by Congress as a response to a severe economic downturn in 1907 and gained more powers during the Great Depression in the 1930’s.
Real Estate Marketing Insider today commented on the news that the current low rate of inflation as reported by the Bureau of Labor Statistics is keeping mortgage rates from rising higher than they are right now.
About Real Estate Marketing Insider:
Real Estate Marketing Insider provides real estate professionals everywhere with tips, strategies, and analysis of market trends. REMI is based out of La Jolla, California.