The Mortgage Traveler

  In The News Recap 📈 Inflation & Rates Pulse (June 5–12, 2025) Headline CPI & Core May’s Consumer Price Index rose just 0.1% MoM and 2.4% YoY , slightly cooler than April—driven largely by shelter and food, while energy prices declined ( bls.gov ). Core CPI (ex‑food/energy) was flat +0.1% MoM, slowing from April’s +0.2%, surprising on the soft side . What It Means Markets and Wall Street took it as a green light for policy stability . The Fed seems content holding rates steady into September, while tariff mandates hang in the balance ( reuters.com ). PPI on Deck PPI (Producer Price Index) for May is due June 12. Expectations hover around +0.2–0.3% MoM and +2.5–3.0% YoY. This S&P Global alert frames it as a key indicator for wholesale inflation and Fed policy signals . 🏠 Mortgage Market Update Rates near 7% Freddie Mac reports the 30‑year fixed mortgage rate edged down from 6.89% to 6.85% —a small improvement, but still very high and dampening purchase activity...