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.
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.
A mortgage rate lock can protect buyers from rising rates before closing. Here’s when locking or floating may make sense.
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