Mortgage Rates Expected to Stay Put After Today’s Mild Inflation Report
By: Chen Zhao | Published: 2026-01-13 15:08:17 | Source: www.redfin.com
Takeaway: Mortgage rates are unlikely to move after a mild inflation report still marred by government shutdown-related distortions. Looking through the statistical issues, inflation likely remains as expected, keeping the Fed on hold for the foreseeable future.
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Inflation was slightly lower than expected in December in today’s CPI report. The numbers are still skewed by the government shutdown, but underlying inflation is unlikely to be a major cause for concern.
- After stripping out the volatile food and energy categories that Fed officials care less about, core prices increased 0.24% from a month ago and 2.6% from a year ago in December. Forecasters had expected 0.36% and 2.8%.
- After the government shutdown ended, the November CPI report was distorted by a number of factors that…
