About Jon Iacono
Jon Iacono brings his 21+ years of experience in the industry to Advisors Mortgage Group. Jon was born in Brooklyn, NY but has lived the majority of his life in Monmouth County, NJ. As a graduate of Monmouth University with a concentration in Management and Computer Science, Jon brings his training and education to Advisors Mortgage to help grow and manage the recruiting team.
Jon worked alongside many mortgage and real estate industry professionals previously with Mortgage Intelligence companies such as, Mortgage Market Guide, Loan Tool Box, Certified, Scripts for Success, CMPS, MBS Highway, Turning Point CRM and more. Jon gives back to his community and has been an active volunteer firefighter for the Colts Neck 84 -1 station since 2004. He enjoys staying active by playing golf, lifting weights, boxing, training Jiu Jitsu and most importantly spending time with his two kids Lily and Jonny Jr.
Personal Consumption Expenditures (PCE) Index for December
February 3, 2025
The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Index, showed a 0.3% monthly rise in December, with annual inflation increasing from 2.4% to 2.6%, aligning with expectations. Core PCE, which excludes food and energy, remained steady at 2.8% year over year.
Shelter costs were the largest contributor to inflation, rising 0.3% for the month but showing signs of moderation. However, the reported annual shelter inflation of 4.7% is higher than real-time data from CoreLogic, which estimates it at 1.5%. If shelter were more accurately reflected, core PCE would be closer to 2.2% instead of 2.8%.
As inflation cools, fixed investments like bonds garner more attraction from investors. As bond purchasing increases and their supply gets sopped up, bond pricing increases, and yields decrease, which bodes well for mortgage interest rates.
Source : www.mbshighway.com