Mortgage Rates Hold as Inflation Peaks

Inflation just hit a three-year high at 4.2%, fueled mostly by energy prices, but core inflation cooled slightly—good news for mortgage rates, which are likely to stay around 6.5% for now. The Fed’s holding off on rate moves as they wait for inflation to stabilize. Strong job growth helps wallets, but stubborn inflation keeps mortgage rates from falling. Homebuyers are holding off, waiting for prices to ease—but demand’s still there, ready to surge if inventory picks up and affordability improves. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fe8bf6a82737a976