What is CPI and why should I even care?
Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. CPI is a widely used economic indicator that helps us understand the changes in the cost of living and inflation. One area where CPI has a significant impact is in the mortgage market. In this blog post, we will explore how CPI affects mortgage rates. Mortgage rates are the interest rates…
