The average 30 year fixed rate as of this morning is 5.300% according to Freddie Macs’ weekly survey.

That is about the best level we have seen in two weeks and has many calling a top in rates.

Last weeks headline was all about the inflation data that came out on Wednesday morning.

The consumer price index (CPI) came in at 8.3% which is still near the 40 year high but it marks the first month all year that we did not see an increase from the previous month.

‍

Question of the day:

Would you rather borrow at 5.500% when inflation is at 8.500% or would you rather borrow at 3.000% when inflation is at 2.000%?

‍

‍