![Inflation Drops Again in June, Clearing the Path to a Fed Rate Cut This Fall—and Relief for Homebuyers Inflation Drops Again in June, Clearing the Path to a Fed Rate Cut This Fall—and Relief for Homebuyers](https://cdn.statically.io/img/na.rdcpix.com/910397f0c3122795b662b263a913d64aw-c679978749rd-w290_h164_r4_q80.jpg)
Inflation Drops Again in June, Clearing the Path to a Fed Rate Cut This Fall—and Relief for Homebuyers
Annual inflation in the U.S. dropped again last month, increasing the odds of a September interest rate cut.
Annual inflation in the U.S. dropped again last month, increasing the odds of a September interest rate cut.
Mortgage rates are likely to remain elevated through the summer, after Federal Reserve policymakers held the benchmark interest rate steady.
Unemployment ticked up to 3.9% in April—and surprisingly, that could be a good thing for the housing market.
As expected, the U.S. Federal Reserve held its benchmark interest rate at the current target range of 5.25% to 5.5% on Wednesday.
The Fed was expected to cut interest rates three times this year, but now that seems unlikely. Here’s what that means for the housing market.
Mortgage rates just rose above 7%. That’s frustrating homebuyers and sellers, thwarting their housing plans.
Mortgage rates are likely to rise again. They could hit this milestone as the Federal Reserve keeps interest rates higher for longer.
Those anticipating that mortgage rates will come down may be disappointed. The Fed may be reluctant to cut interest rates as inflation rises.
The U.S. Federal Reserve’s decision on interest rates will affect the trajectory of mortgage rates—and the housing market.
Mortgage rates are expected to remain higher for longer, or even rise due to inflation ticking back up again.
View our archive of articles in realtor.com® News & Insights.