MReport January 2022

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS Inflation Impact In this month's Final Thoughts, we look at what notable people in the industry think about current inflationary trends and where it might be headed as we move forward into 2022. "wave of inflation" Daryl Fairweather, Chief Economist of Redfin, on the pressures homebuyers are feeling that now have to compete against not just other homebuyers but inflation as well. "inflationary pressures" Gary V. Engelhardt, Professor of Economics in the Maxwell School of Citizenship and Public Affairs at Syracuse University, on one of the main reasons, including the sunsetting of government programs, why renters are missing their monthly payments. "shi in monetary policy guidance" Sam Khater, Freddie Mac's Chief Economist, on how signaling by the Federal Reserve to increase rates next year will price some out of the market. "massive amount" Shashank Shekhar, an author and the CEO of digital-first mortgage lender InstaMortgage, said on the news that consumer prices jumped 2.6% in March, the largest jump seen since 2018. "pressing matter" Jeff Bell, CEO of Pre-Paid Legal Services Inc., parent company of LegalShield, on a survey that found inflation is one of the top reasons people are exiting the real estate market.

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