Mortgage Rates Hit 2-Month High as Hot Inflation Data Stokes Rate Hike Fears

• Mortgage rates rise to highest level in two months after hotter-than-expected inflation data

• Rates may stay higher for longer as inflation remains over 2% target and job market is robust

• Market anxious about when Fed will start cutting interest rates, keeping mortgage rates elevated

• Freddie Mac Higher rates indicative of continued strength in U.S. economy

• Article discusses outlook for mortgage rates and factors driving them higher