Housing Market Update: When Will Rates Fall?

The Federal Reserve's preferred inflation measure for April came in line with expectations, the Commerce Department showed on Friday, in what could be a signal that price increases are slowing, which could lead policymakers to slash borrowing costs.The Personal Consumption Expenditures price index accelerated on a monthly basis by 0.3 percent in April—the same as March—matching estimates by economists. On an annual basis, PCE inflation increased 2.

7 percent reported in March.'There may even be some good news in the report to the extent that a slowing in consumer spending could portend lower inflation numbers,' Zaccarelli added.The housing market has been struggling under the weight of expensive mortgages and record high prices that have made buying a home unaffordable for a lot of Americans.

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