Hotter September CPI at 3.7% Adds Pressure on Mortgage Rates and Housing
September consumer prices rose 3.7% from a year earlier, hotter than forecast, Realtor reports, lifting bond yields and adding pressure on mortgage rates.
Key facts
- September CPI rose 0.6% for the month and 3.7% from a year earlier, above forecasts of 0.5% and 3.6%.
- Core inflation rose to 2.6% from 2.4% in August, after trending down from 2.9% in May.
- The Freddie Mac mortgage rate climbed from 6.66% in late August to 7.4%, a 74 basis point increase.
- NAR reported a 2.2% annual drop in September existing home sales, and Realtor.com data show pending sales down 4.1%.
- Earnings growth of 3.0% now trails 3.7% inflation.
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Read the original at Realtor (opens in a new tab)
Source: September 2026 CPI: Inflation Hits 3.7% in a Tough Print for Housing — Realtor, October 14, 2026. Summary and commentary by RISE Community; read the full story at the source.
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