Mortgage Rates Steady as Market Awaits Inflation Data

Current 30-year mortgage rates hold firm while 15-year rates see a slight decline, with upcoming CPI and PPI reports potentially influencing future trends.

Average 30-year fixed mortgage rate remains around 6.97%.
15-year fixed mortgage rate drops to approximately 6.44%.
Federal Reserve's upcoming decisions on interest rates could impact mortgage trends.
Economic indicators like CPI and PPI reports are crucial for future rate predictions.
Borrowers are advised to compare quotes from multiple lenders to secure the best rates.