Where are mortgage rates headed amid easing inflation? Experts weigh in

US consumer prices rose 3.2% year-over-year in October, lower than expected. Inflation slowed, indicating that the Federal Reserve's interest rate hikes are cooling price spikes. Housing costs, including apartment rents, also slowed. The Chief Economist of the National Association of Realtors suggests that mortgage rates will decrease, and the Fed may consider cutting interest rates. The Fed's previous rate hikes have increased borrowing costs, but the current data suggests a soft landing for the economy.