Market update: Inflation is Winning This Week. Will the Fed Cut Rates Soon? The latest housing market update is in, and inflation seems to be making progress. CPI came in lower, and gas and egg prices are down, but PPI didn’t meet expectations, and consumer sentiment is slipping. The biggest roadblock? Tariffs and uncertainty are keeping the 10-year Treasury from dropping below 4.34%. If tariffs don’t turn out to be inflationary, we could see some movement that impacts mortgage rates.

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