Year-Over-Year CPI Falls
The Consumer Price Index (CPI) fell 0.1% in October. The 12-month reading of 3.5% comes in lower than September's reading of 3.9%. This chart displays the year-over-year CPI readings for the last 10 months. Generally, as inflation eases, bond prices rise. Higher bond prices can have a beneficial effect on home loan rates as they could potentially push lower.
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Cindy Bradley Mortgage Team, Cheyenne, Wyoming