Personal Consumption Expenditures price index (PCE)
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How does inflation affect mortgage rates? What to expect from the December core CPI.
Yahoo Finance· 2024-09-06 17:30
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 December Consumer Price Index (CPI), a key measure of inflation, was released on Tuesday, and the numbers weren’t bad — but were they strong enough to push down mortgage rates? Quick recap: What is inflation? Before understanding how inflation affects mortgage rat ...