Will Mortgage Rates Change? What New Inflation Data Means
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Will Mortgage Rates Change? What New Inflation Data Means
A lower-than-expected increase in inflation last month shows that the impact of the Trump administration’s tariffs on the U.S. economy remains muted. But these numbers are far from convincing the Federal Reserve to cut interest rates, experts say.
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A lower-than-expected increase in inflation last month shows that the impact of the Trump administration’s tariffs on the U.S. economy remains muted—but these numbers are far from convincing the Federal Reserve to cut interest rates, experts say.
“While May’s cooler-than-expected inflation reading will be welcome news, policymakers will remain vigilant,” Realtor.com Sr. Economist Jake Krimmel said in a statement shared with Newsweek.
For prospective homebuyers hoping for mortgage rates to finally come down, this means that a likely longer wait before that is possible.
In an aerial view, single-family homes on April 18, 2025, in Thousand Oaks, California. In an aerial view, single-family homes on April 18, 2025, in Thousand Oaks, California. Kevin Carter/Getty Images
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Source: https://www.newsweek.com/mortgage-rates-today-inflation-data-2084018