What CPI Actually Is — and Why a 0.6% Print Moves Your Mortgage Rate
Published on: 21/10/2026
September CPI printed 3.7% on October 14, 2026 — and the 30-year mortgage average sits at 7.40%. What CPI actually measures, the bond-market chain that turns it into your rate, and what to do before the Fed meets October 27–28.
CPI explainedwhat is CPIconsumer price index mortgage rateshow CPI affects mortgage ratesinflation and mortgage ratesFed meeting October 202610-year Treasury yieldCPI basket weightslock or float mortgage ratemortgage rates Jacksonville