Conventional: 6.59% 6.69% APR
FHA / VA: 5.95% 6.15% APR
Purchase Loan, 30-Year Fixed, 726K or less loan amount, 760+ FICO, 25% Down Payment, Single Family Residence, Owner Occupied
Today's Rates (12/01/23)
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Inflation Ticks Up Month-Over-Month
The Consumer Price Index (CPI) rose to 3.2% year-over-year, up from 3% in June. This came in slightly below expectations, but is still above the 2% target for the Fed.
The increase came predominately from the shelter category, which accounted for 90% of the rise. Records are being set in rental markets like Manhattan, which reported an average monthly rent of $5,588 in July; it’s the fourth time in five months that the rent record was broken in Manhattan.