Daily mortgage rates for July 11, 2024: Average rates slide ahead of CPI inflation data
Average mortgage rates slide lower across the board as of Thursday, July 11, 2024, as the market awaits key inflation data for June, starting with the release of the Consumer Price Index today and followed by the Producer Price Index tomorrow. Data within these reports will show whether there's continued progress toward the Fed's 2% inflation goal that influences when we'll see a cut to the benchmark interest rate.
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