The inflation rate rose 2.4% in May compared to the previous year, a 0.1% increase from the previous month. Economists had expected to see tariff-related price increases in the May report, leading to questions over whether an inflationary price bump is still to come in the summer or if low consumer demand is responsible for modest price increases.

The Federal Reserve is expected to hold interest rates steady today. Here's what that means for prospective homebuyers.

After jumping for two days, 30-year mortgage rates have now followed that with a two-day decline. Rates have retreated for many other loan types as well.