Mortgage rates drop after CPI report, but the housing market is far from out of the woods

The decline came after a lower-than-expected reading of the November's consumer price index, or CPI, a widely watched measure of inflation.

The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mortgage News Daily. It is now at the lowest level since mid-September., a widely watched measure of inflation. The report sent investors rushing into U.S. Treasury bonds, causing yields to drop. Mortgage rates follow loosely the yield on the 10-year Treasury.

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CNBC /  🏆 12. in JP

Still low by historical rats.

This last month has been a nice for mortgagerates and breath of fresh air for those homebuyers or homeowners shopping for a homeloan . Still not ideal, but better.

Kelly Evans better not be pregnant again.

On the lookout for my next investment 👌

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