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https://neohomeloans.com/01/13/2023/new-inflation-numbers-paint-a-bright-future-for-mortgage-rates/
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title
New Inflation Numbers Paint a Bright Future for Mortgage Rates |
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content

 
 
 
 
 
 
 January 12th brought the scheduled monthly release of the Consumer Price Index (CPI), and this one has had the biggest impact on the bond market and mortgage rates of all the reports in the past year. October’s core CPI (which removes food and fuel prices from the equation) was the biggest revelation as it was viewed by many as a sign of a shift away from the hyperinflation of 2022. November’s report told the same story, and December’s report paints a similar picture. The core CPI climbed 5.7 percent in the year through last month, down from 6 percent in the November reading, as prices declined slightly on a monthly basis. The annual inflation rate was the slowest since October 2021. Inflation has been the biggest source of upward pressure on mortgage rates during what has been the fastest rate spike in 40 years, and even though inflation is simply head...
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