How does inflation affect mortgage rates? What to know in light of February core CPI data.
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 February Consumer Price Index (CPI), a key measure of inflation, was released on Wednesday, and the numbers were tame — but were they strong enough to push down mortgage rates? Quick recap: What is inflation? Before understanding how inflation affects mortgage ra ...