Strong rally today. The Consumer Price Index (CPI) results came in this morning BELOW the consensus expectation.  This is a good sign for INFLATION SLOWING, therefore benefiting rates. We would need continued CPI results such as this one for the Fed to definitively declare an end to rate hikes. As of Today …

• Core inflation TICKED DOWN to 0.2% month to month, with the year-to-year pace around 4.0%.
• Annualized, core CPI is running at 2.8% which is not far from the Fed target of 2.0%.
• Core goods prices declined by 0.1%, the 5^th CONSECUTIVE DECLINE.
• Core services inflation fell to 0.3% from 0.6%.

In short, we are seeing momentum for disinflation and gives a reason for the Fed to hold and continue monitoring.  As of today here are the BASE RATES for before any additional addons for FICO, LTV (Loan To Value), and DTI (Debt To Income) … We’re 0.75% below where we were a week ago …

In addition, this is the BEST we’ve seen in months for advice relative to those of you thinking about FLOATING or LOCKING your interest rate …