From the Source: Inflation Insights After June CPI Report
June’s inflation data shows rising consumer prices and continued pressure on the housing market, with shelter costs still high and uncertainty over Federal Reserve rate cuts. Ongoing volatility from trade tariffs and shifting monetary policy is making it harder for homebuyers and mortgage servicers to navigate the evolving economic landscape. Here’s what our CEO Geno Paluso told HousingWire about what’s to come for servicers and homebuyers based on this new data.
June Core CPI rose less than expected for the 5th straight month, which may lower rates and provide refi retention opportunities for mortgage servicers short-term, but Sagent must keep servicers ready for any market outcome because rates can rise just as quickly in this volatile era, plus homeowner hardships could emerge during hurricane season in the coming months.
Sagent leadership is comprised of visionaries who get the details about constantly changing mortgage markets, regulations, and homeowner needs.
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