Federal Reserve pauses again, mortgage rates remain near 6.3%
The Consumer Price Index jumped 3.3% in March, up from 2.4% annualized growth in February. The all-items index rose 0.9% month over month, marking the largest increase in nearly four years.
Inflation fears keep mortgage rates in the mid-6% range
Mortgage rates are influenced by the 10-year Treasury yield and rising oil prices due to the Iran conflict, affecting housing demand and affordability.
