Brett Pehrson

NMLS # 272088

801-272-0600

brett@advancedfunding.com

Brett Pehrson Mortgage Loan Advisor

Consumer Inflation Cools in October

Consumer Inflation Cools in October

Consumer inflation, as measured by the Consumer Price Index (CPI), was unchanged in October after the 0.4% increase in September. Falling energy and shelter costs were a few segments within the data that helped to push the headline number lower. When stripping out volatile food and energy, the so-called Core rate also fell both monthly and annually. 

The takeaway... if inflation continues to ease, home loan rates could continue to move lower as well.