Скачать или смотреть Mortgage Rates Spike After CPI Report – What’s Next? 📈🏡

📢 Last week’s inflation report caused one of the biggest single-day mortgage rate increases in decades! But was it an overreaction? Let’s break it down:

🔹 CPI Report Breakdown:
📊 Expected: 0.3% | Actual: 0.4% (Rounded up from 0.359% 🤯)
📉 30-year fixed mortgage rates jumped nearly 30bps, one of the biggest single-day spikes in 20 years.

🔍 Why Does This Matter?
🏦 The Fed is waiting for CPI to cool down before cutting rates.
📉 Inflation is slowing, but progress is sluggish.
💰 Wall Street now expects 0-3 rate cuts this year, pushing expectations further down the line.

⚖️ Will Rates Stay High?
Mortgage rates may stay higher for longer, but global events, like the Middle East conflict, could indirectly cool them off.

📌 San Diego Market Update:
🏡 New listings: ⬆️ 10%
📈 Units sold: ⬆️ 9%
📊 Active listings: ⬆️ 5% (Now over 3,000!)
💲 Median SFH list price: ~$1.4M
⏳ Homes are selling in less than 30 days!

📩 Want to stay ahead in this fast-moving market? Click the link in bio for a free mortgage guide or to book a consultation today!

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