Weekly Mortgage and Real Estate Recap 4.28.23

Today, the Fed's favorite measure of Inflation, Personal Consumption Expenditures showed inflation rose sightly less than expected and the headline figure declined from 5.1% to 4.2% year over year. This along with expected declines in shelter costs will help bring mortgage rates down inn 2023 despite one more Fed Rate Hike of .25% that is expected in May.