Higher energy costs and persistent core inflation are expected to keep borrowing costs elevated, limiting near-term upside for housing activity
Tagged: Consumer Price Index
GSE also predicts lower rates, higher originations for ’25 and ’26, with next year to eclipse this one
A surprise deceleration in core inflation, however, offers market a "glimmer of hope"
Inflation data suggests there are rainy days ahead, lowering the chances of the Fed easing rates.
Core inflation — less food and energy — remains slightly higher than the all items index
Traders are placing their bets that rates will dip in September
Department of Labor's April Consumer Price Index increased in line with expectations
Concerns mount over persistent inflationary pressures amid a moderating economy, prompting debate over future policy moves.
Further cooling inflation a good sign for mortgage rates, analysts say.
Economists predict calming inflation could prompt Federal Reserve to consider cutting interest rates, offering relief to loan originators and homebuyers.