Inflation Cooled Further In June, Treasury Yields and Mortgage Rates Fell On The News
Zillow, July 12, 2023–Orphe Divounguy
The Consumer Price Index rose 0.2% in June after increasing 0.1% in May. What it means: annual price growth continues to slow. June marked the smallest 12-month increase since March 2021. Treasury bonds, which mortgage rates tend to follow, fell on the news.
https://www.zillow.com/research/june-cpi-inflation-2023-32857/
