Inflation Cooled, Mortgage Rates Went the Other Way [SnGpTO6xqsC]
This week gave us a Fed rate decision and June's inflation report, which showed prices ticked down slightly. Cooler prices usually help borrowers. But the weekly survey average of mortgage rates went the other direction and climbed anyway. Prediction markets put the odds of a move at the next decision at 59 percent. Traders are pricing the 30-year average at 6.94 percent, which is a market bet, not a quote. Why the disconnect? A single soft month isn't enough to move the Fed or the bond market that sets home loan rates. They want a run of data before they budge. What a borrower can control isn't the market. It's the file. A clean, ready application gets you moving the day rates soften. Talk to Mbanc about getting your file ready before the next report. 👉 See what you qualify for in 60 seconds: #MortgageRates #PCEInflation #FedDecision #HousingMarket #Mbanc #WeeklyRecap #HomeBuying Mbanc | Mortgage Bank of California Inc. | NMLS #38232 | Equal Housing Lender #Shorts