June CPI Falls 0.4%, Easing the Pressure on Mortgage Rates
June’s CPI fell 0.4% — the largest monthly drop since April 2020 — cutting annual inflation to 3.5% and cooling expectations of another Fed hike.
Federal Reserve
Mortgage Rates Today: Why 30-Year Rates Are Still Above 6% and What the Fed Means for Homebuyers
Mortgage rates remain above 6%. Here’s why the Fed does not directly set mortgage rates and what buyers should watch in 2026.