This week brought a wave of optimism to the mortgage market as inflation data signaled good news for rates. The Consumer Price Index (CPI) report showed cooling inflation, while a Fed official hinted at the possibility of a rate cut as early as March. Could this be the beginning of a new trend for mortgage rates? Meanwhile, this coming week will be packed with activity, including Inauguration Day and the anticipation of nearly 100 executive orders. How will these developments shape the market moving forward?
Market Jubilation Over Lower Inflation
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