Mortgage rates increased this week primarily due to climbing oil prices, while core CPI inflation remained steady at 2.5%, the lowest since 2021. Shelter costs rose 3.0% annually, with rent increases slowing to 0.1% monthly, the smallest since January 2021. Existing home sales rose 2% in February, with median prices up slightly to $398,000, amid low inventory levels.

Mortgage rates increased this week primarily due to climbing oil prices, while inflation indicators like Core CPI remained steady at 2.5%. Shelter costs rose 3.0% annually, with rent increases slowing to 0.1% monthly, the smallest since 2021. Existing home sales rose 2% in February, with median prices up slightly to $398,000, reflecting tight inventories in the Los Angeles market.

Mortgage rates increased this week primarily due to climbing oil prices, while inflation indicators like Core CPI held steady at 2.5% annually. Shelter costs rose 3.0% year-over-year, with rent increases slowing to 0.1% monthly, the smallest since 2021. Existing home sales rose 2% in February, though inventories remain tight at a 3.8-month supply nationally.

Mortgage rates increased this week primarily due to climbing oil prices, while core CPI inflation remained steady at 2.5%, the lowest since 2021. Shelter costs rose 3.0% annually, with rent increases slowing to 0.1%. Existing home sales rose 2% in February, but inventories remain low at a 3.8-month supply nationally, impacting the Los Angeles housing market.

Mortgage rates increased this week primarily due to climbing oil prices, while key inflation reports like Core CPI at 2.5% year-over-year met expectations and caused little market reaction. Shelter costs rose 3.0% annually, with rent increases slowing to 0.1% from January, the smallest since 2021, signaling ongoing challenges in the housing market. Existing home sales rose 2% in February, with median prices up slightly to $398,000.

​ Tariff developments and geopolitical tensions kept markets uneasy this week, but the biggest surprise came from soft inflation data. Mortgage rates responded positively and ended the week slightly lower. Consumer Inflation Falls Below Forecast The Consumer Price Index (CPI), a key inflation gauge, showed that core prices rose just 0.1 percent in May, far below the expected 0.3 percent increase. Year over year, Core CPI was up 2.8 percent, maintaining its lowest level since