06/10/2026
📊 Inflation Update: CPI Came In at 4.2%
One of the biggest economic reports of the month was released today, and the Consumer Price Index (CPI), which tracks the cost of everyday items like groceries, housing, and gas, came in at 4.2%.
With energy prices remaining a concern and ongoing tensions involving Iran affecting oil markets, inflation continues to be something the Federal Reserve is watching very closely.
What surprised many people?
The mortgage market barely moved.
That’s because investors had largely anticipated a stronger inflation report and had already priced it into the market.
Now attention turns to the next Federal Reserve meeting under Kevin Warsh.
Will the Fed raise rates?
Will they hold steady?
We’ll have to wait and see.
As a mortgage professional, I watch these reports closely because they can influence the direction of mortgage rates and housing affordability over time.
What do you think the Fed does next?
