Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk CPI and what it means for mortgages. Today’s article is from Market Watch: “Rent increases and driving overall inflation — but it’s a lot more complicated then you think.” Overall, the latest CPI report came in as expected. We are trending in the right direction, except the shelter — the index didn’t trend in the right direction. Shelter prices rose 4% causing inflation prices to stay elevated. As homes appreciate, cost of insurances and taxes are rising, causing outrageous rent. Add to all this, if builders pull back on building because of uncertainty with tariffs, it could cause rents to rise even more. We have a major housing shortage and we need solutions now.

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