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November Inflation Data Comes Out Lower Than Expected

November’s inflation data comes in lower than expected. The CPI (Consumer Price Index) rose less than what has been expected. 

So,  what does that mean? 

That means that inflation could be starting to level off. That’s good news for the real estate market. Typically, the FED will be announcing this week what they’re going to do with interest rates. And with the CPI cooling and not increasing as quickly as people had thought we may see, the FED get to a point where they’re not going to have to increase interest rates as aggressively for as long as some may have thought.  

For mortgage rates and the real estate market, that typically is favorable because most mortgage companies have already priced in higher rates. 

With the CPI cooling a little bit, we could see rates start to come down for mortgages, which is good news for those buyers who’ve been waiting for interest rates to improve and for sellers to put their home on the market to be able to take advantage of more buyers. 

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