Mortgage Rates Just a Hair Higher Ahead of Important Inflation Report

Today’s movement in mortgage rates, in and of itself, is barely worth mentioning.  The average lender remains close enough to Friday’s levels but is technically just a hair higher.  That fact is offset by the counterpoint that most of the past two months saw higher rates.

The future is far more interesting than the present–specifically, the immediate future. Tomorrow morning brings the release of the Consumer Price Index (CPI). This is one of the most important economic reports as far as interest rates are concerned and tomorrow’s example  is especially notable.

This CPI marks the first major opportunity for the official data to show (or not show) a meaningful impact on inflation from tariffs. Because the Fed has acknowledged this and because the prospect of…