Mortgage Secrets…Learn What the Experts Say

For the moment, prices are slightly improved even in the face of a hotter than expected read on consumer inflation. The overall Consumer Price Index (CPI) for July was reported at a fat 0.8%, far outweighing estimates of 0.4%. This left year over year Consumer prices up 5.6%, the biggest year-over-year increase since January 1991. After excluding volatile food and energy prices - the Core CPI rose 0.3%, also hotter than expectations of 0.2% leaving the year over year Core CPI at 2.5%, the biggest gain since January. The culprit is clearly higher Oil prices during July, which spiked to $147 a barrel. But the decline in Oil prices since maybe the reason why the Bond market is discounting a very unfriendly CPI Report.