Market Pulse
Inflation & Economy
Inflation and labor data drive Fed decisions — and long-term rates often follow the 10-year Treasury.
Unemployment Rate
Unchanged4.10%
Labor market strength affects Fed decisions and consumer confidence.
10-Year Treasury Yield
Unchanged5.17%
Long-term benchmark that often moves with mortgage rates.
Common Questions
- Why does inflation matter for mortgage rates?
- Higher inflation can push the Fed to keep rates elevated and can raise long-term bond yields, which often move with mortgage rates.
- What is CPI year-over-year?
- Consumer Price Index (CPI) YoY compares prices this month to the same month last year — a common headline inflation measure.
- How does unemployment affect housing?
- A strong job market supports buyer demand, while rising unemployment can soften demand and influence Fed policy.