Why Next Week's Inflation Report Could Be A Big Deal for Mortgage Rates!
July 10, 2026 2:34Dan Ardis, NMLS# 1412272
Home prices rose 0.6% from April to May and are forecasted to climb another 4.8% over the next year, according to Cotality. Existing home sales slipped slightly but remain up nearly 3% from a year ago. Rising oil prices tied to US-Iran tensions pushed mortgage rates higher this week, but next week's CPI report is expected to show cooling inflation thanks to lower June oil prices, which could be friendly to the bond market. Here's everything you need to know.
Dan Ardis is a Bakersfield-based mortgage broker with 20+ years in the industry, including experience as a Senior Specialty Underwriter. He originates residential and commercial loans for Kern County clients and in 49 states through Barrett Financial Group.
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Dan answers mortgage questions for Bakersfield buyers and investors. Call (661) 342-9381 or get pre-approved online.