In a Consumer Price Index (CPI) report April 10, those hoping mortgage rates would soon decline once the Fed lowered interest rates were likely disappointed. The CPI accelerated in March, pushing inflation higher and likely giving the Federal Reserve pause when considering lowering interest rates. The CPI for all urban consumers increased 0.4% in March…
The post With Prices Stubbornly High in March, Rates Likely Won’t Lower Soon appeared first on RISMedia.
