Mortgage Rate Update: Rates Hold Steady After CPI Report
Mortgage rates held relatively steady this week, with a slight decrease following the latest Consumer Price Index (CPI) report. The inflation data came in lower than expected, which helped calm the markets and push rates down.
What to Watch Next Week
Next week, attention shifts to the Federal Reserve. While no rate decision is expected, market watchers will be tuning in to the Fed’s comments for any hints on future rate cuts. If the Fed signals confidence in the inflation trend, that could put downward pressure on mortgage rates. On the other hand, if officials take a more cautious tone, rates may stay near current levels.
For now, the market remains in a holding pattern—but that could change quickly. If your clients are thinking about buying or refinancing, it’s a good idea to keep an eye on the Fed and be ready to act.
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