Homeowners Benefit from CPI Report with Lower Mortgage Rates.
TL;DR Summary
Mortgage rates have fallen slightly after the release of the latest Consumer Price Index, which showed a drop in inflation after factoring out housing-related metrics. Economists had predicted the inflation number to remain at 0.4%, and it did. The average mortgage lender is now offering a top tier 30-year fixed rate that is almost an eighth of a point lower than yesterday's, but still within the same range.
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- How your home equity is affected by home prices (and why now is a good time to borrow) CBS News
- CPI report is good news for mortgage rates HousingWire
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