CASTRO
REAL ESTATE SERVICES

Mortgage rates drop after CPI report, but the housing market is far from out of the woods

News

KEY POINTS

  • The rate on the popular 30-year fixed-rate mortgage fell to 6.28%, but that’s still dramatically higher than where it was a year ago.
  • The decline came after a lower-than-expected reading of the November’s consumer price index, or CPI, a widely watched measure of inflation.
  • “There have been a handful of pieces of relatively good news for the housing market lately, but we’re far from out of the woods,” said one economist.

CNBC

Talk with Miguel To Learn More About the Latest

Learn how you can find your next property, or start your investment journey.

GET STARTED

Translate »