Mortgage Rates Fall After Cooler Inflation Report

Mortgage rates moved lower after a cooler inflation report eased concerns that the Federal Reserve could raise interest rates again this year. The S&P 500 and Russell 2000 briefly hit record highs, while the 10-year Treasury yield fell sharply. What does this shift mean for housing and real estate investors? Kathy Fettke breaks down the latest inflation data, the Fed debate, and why the next inflation report could be important for the direction of mortgage rates.

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Source: https://www.nbcnews.com/business/markets/stocks-bonds-ppi-inflation-rcna592331