No Major Moves in Mortgage Rates
Mortgage rates held steady this week, remaining at a 12 month low. For buyers and sellers, this stability is welcome news as it provides predictability in an otherwise shifting real estate market.
This week’s Consumer Price Index (CPI) report came in favorably, showing signs that inflation pressures may be easing. That’s positive for the mortgage market, since lower inflation can help keep rates from climbing higher.
Looking ahead, mortgage rates will continue to be influenced by economic reports and market expectations. Next week’s updates on jobs and other key data could play a role in whether rates remain steady or start to shift.
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