The recent Consumer Price Index (CPI) report, released this week by the Bureau of Labor Statistics, came in hotter than anticipated, impacting mortgage rates and effectively casting a shadow on the spring buying season. The data revealed a 0.4% increase, landing at...
The average long-term U.S. mortgage rate rose last week to its highest point in 10 weeks, adding to the list of closely watched economic data released just days apart. According to Freddie Mac, the 30-year fixed-rate mortgage experienced an increase of 13 basis points...
CPI numbers released today indicate U.S. inflation pressures cooled in January. Still, the drop was less than anticipated, which lines up with the reasoning behind the Federal Reserve’s caution on interest rate cuts. Others had been more hopeful, as seen in a...
Interest rates seem to have reached a peak, and we’re seeing the 30-year fixed mortgage rate drop to 7.22%, all while the CPI (consumer price index) has finally cooled to 3.2%. With this recent data and signals picked up from Fed Chair Jerome Powell’s...
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