Average mortgage rates march lower as of Tuesday, December 10, 2024, as the market awaits key inflation data for November, starting with the consumer price index tomorrow — the most widely used measure of inflation — and followed by the producer price index on Thursday. Fresh data within these reports will provide insights into the health of the economy after last week’s positive jobs report, influencing the Federal Reserve’s next move when it meets next Wednesday and Thursday, when it’s expected to lower its benchmark rate by a quarter point. Mortgage lenders keep a close eye on the Fed rate, which responds to many of the same economic factors that can influence borrowing rates on large loans like mortgages.

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