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Housing Market Update: When Will Rates Fall?

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Inflation slowed in April, a development that may lead to falling borrowing costs.

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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