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The Consumer Price Index gain dropped 19% from last month, from a 4.9% YOY increase to a a 4.0% increase.  This continual taper from the 9.05% increase in consumer costs 12 months ago is a welcome relief to my wallet, and should help the Fed to take a hiatus from another rate hike when the FOMC adjourns tomorrow afternoon.

Fannie Mae and Freddie Mac have both released the new AMI limits across the country.  If you’re a first time homebuyer making less than $106,900 per year in Utah County (or $106,900 in SLC), you’re going to get a lower rate on your mortgage.  And if you’re under $85,520 it gets even better!

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