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

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.

“Treasury yields finished higher last week on average despite an intra-week drop, driven partly by renewed concerns of the impact of tariffs on the economy,” says Joel Kan, deputy chief economist at the Mortgage Bankers Association.