The tamer December CPI was a massive relief for the bond and stock market. The yield on the 10-year US Treasury Bond dropped from 4.8% to 4.6% (a huge move in that market) and average 30-year mortgage rates declined from 7.25% to around 7.01%. That said, the market still overwhelmingly expects NO CUT at the Federal Reserve’s Jan 29th meeting. This doesn’t mean it isn’t the right time for you to purchase a home. Give me a call and we can discuss it.
