Major CPI Report Surprise: 📉 Lower Mortgage Rates and Market Impact Explained! 🏡

🚨 Big Surprise in the Consumer Price Index Report! 🚨

Last week's CPI report revealed a significant and unexpected drop, bringing great news for mortgage interest rates and potential homebuyers. Here’s what happened and what it means for you:

📉 CPI Decline: The CPI index, measuring consumer inflation, showed a month-over-month decrease of 0.1%, making the year-over-year number 3%. This was much better than anticipated by markets and experts.

💸 Impact on Mortgage Rates:

The report triggered a huge rally in the mortgage bond market.
Mortgage interest rates improved by a quarter of a percentage point last week! 🏡
Lower mortgage rates mean lower payments, but also more competition in the market.
📈 Federal Reserve and Future Rates:

The Fed futures market now shows a 99% likelihood of the Federal Reserve lowering their Fed funds rate at the September 18th meeting.
Lower Fed rates could lead to even lower mortgage rates, increasing buyer demand.
🏠 Buyer Implications:

According to the National Association of Home Builders, a 1% drop in interest rates could bring 4.5 million new eligible homeowners into the market.
More demand can drive up home prices.
Now is the time to inform your friends and family who are considering buying in the next 12 months to get ahead of the competition!
📊 Current Rates (as of July 12th):

Conforming 30-year fixed rate: 6.75% with buyers paying approximately 5/8 in discount points.
APR: 6.9% based on a perfect scenario (primary residence, single-family home, 760+ mid FICO, 20%+ down payment).
🔍 Get an Accurate Quote:
Your specific situation may differ. Contact a mortgage professional like myself for a personalized quote.

👍 Stay Informed and Share:

Share this video with anyone considering buying in the next year.
Let’s get ahead of the market changes and secure the best deals!



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👍:   / @norbertgyorfimortgageteam  
🌐: https://www.norbertgyorfi.com/
📧: [email protected]
📱: 702-758-5626
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Rate are subject to change. 30-year conforming fixed scenario in video is based on a primary resident purchase, owner-occupied, single-family home, 760 or greater mid FICO score, and a 20% down payment. Rates are subject to change.

NEO Home Loans is a registered DBA of Luminate Home Loans, Inc. NMLS#150953. Corporate Headquarters 2523 S. Wayzata Blvd. Suite 200, Minneapolis, MN 55405. This advertisement does not constitute a loan approval or loan commitment. Loan approval and/or loan commitment is subject to final underwriting review and approval.