july cpi mortgage impact
7 Shocking Ways July CPI Could Flip Your Mortgage Rates
If the July CPI report triggers a Fed rate hike, your mortgage payment could rise about $30 a month. In July 2024 the CPI rose 0.5% from May, a shift that typically pushes 30-year fixed rates up 0.10%-0.15% within a week. Lenders watch that number closely