Yesterday's inflation data show early signs of tariff-induced price growth. Here's what that means for prospective homebuyers.

The numbers for June came in pretty much as economists had predicted — a moderate increase from last month. The rate of inflation rose 0.3% from May to June, and was up 2.7% compared to June 2024. In other words, if it feels like everyday goods cost more, it's because many of them do.

The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.