Mortgage Rates Slip to 3-Week Lows After CPI Alignment

1 min read
Source: Mortgage News Daily
Mortgage Rates Slip to 3-Week Lows After CPI Alignment
Photo: Mortgage News Daily
TL;DR

Mortgage rates retraced to three-week lows after July's CPI print came in line with expectations, with the bond market absorbing the data and leaving little surprise, while the 30-year fixed rate sits around 6.74% (down 0.05) as traders await further inflation signals.

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