The bipartisan Housing Affordability Act would let the FHA use a construction-cost index instead of CPI to set loan limits
Tagged: CPI
GSE also predicts lower rates, higher originations for ’25 and ’26, with next year to eclipse this one
Norada Real Estate Investments said "rates likely to decline" after the latest CPI report.
Despite a 3.2% increase from last year, Federal Reserve is expected to hold off amid lingering inflation concerns; housing expenses remain stubbornly high.
Decline leads to optimism about a stable rate environment and a potential rise in home sales in the upcoming year.
Both the 30-year and 15-year fixed mortgages reach their highest levels since November.
The increase in the CPI is down from 9.1% at the same point last year.
Core inflation rose 5.3%, raising speculation the Fed will pause rate hikes in June but resume them in July.
Consumer Price Index rose 0.4% in April from a month earlier.