Mortgage Market Update: Why This Week Matters Last week's jobs report came in weaker than expected, which is generally good news for mortgage rates. A slowing job market can ease inflation pressure and increase the chances of lower rates over time. That said, we're not out of the woods yet. This week's Consumer Price Index (CPI) report will likely be the biggest driver of mortgage rates. If inflation comes in lower than expected, we could see some improvement in pricing. If i