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In this Real Estate News Brief for the week ending October 16th, 2021… more home loans for the self-employed borrowers, a surge in jumbo loans, and a rise in closing costs. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week. Inflation ticked higher again. The government reports a .4% increase for September, mostly due to higher prices for food, gas, and rent. That raises the yearly rate of inflation from 5.3% to 5.4% which is more than double what the Federal Reserve considers “ideal.” But the Fed pays more attention to the PCE or Personal Consumption Expenditures index which is lower but still more than double the Fed’s target. Economists, along with the Fed, say that means prices will probably remain high into next year. (1) Well-known stock investor Cathie Woods has her own theory on inflation. She’s the owner of Ark Invest and a collection of stock funds that lean t