How does inflation affect mortgage rates? What to expect as January core CPI meets expectations
Yahoo Finance·2024-09-07 01:30
Many factors influence the interest rate you get on a mortgage loan, including your credit history and the size of your down payment. Average loan rates across the country also play a role — and those tend to rise and fall with inflation. The January Consumer Price Index (CPI), a key measure of inflation, was released Tuesday, showing a further easing of pricing pressures — but were they strong enough to push down mortgage rates? Quick recap: What is inflation? Before understanding how inflation affect ...