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Mortgage Rates Continue to Drop
As homebuyers and borrowers looking to refinance are experiencing a welcomed period of relief from elevated rates, the average 30-year fixed rate mortgage fell significantly again this week to its largest weekly drop in a year, mortgage watchers noted. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the 30-year…
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Consumer Price Index: Inflation Rises Again, but Rate Cut Remains Likely
The Federal Reserve board of governors will meet next week at the Federal Open Market Committee (FOMC) to vote on how to adjust interest rates. When they meet, they will have a new measure of inflation data to consider. The consumer price index (CPI), an inflation gauge overseen by the U.S. Bureau of Labor Statistics,…
The post Consumer Price Index: Inflation Rises Again, but Rate Cut Remains Likely appeared first on RISMedia.

