rate hike impact on monthly payment

rate hike impact on monthly payment

Mortgage Rates vs Stubborn Inflation: Who Wins?

Mortgage rates are rising faster than inflation is easing, so the borrower feels the pinch more than the economy does; in short, stubborn inflation still wins the war for household budgets. Mortgage rates jumped 68 basis points in May 2026, lifting the average 30-year fixed to 6.38% according to