Inflation Cooling? Turning Point for Rates?

[Tyler Hodgson]

This Thursday we saw a massive improvement in mortgage rates (Mortgage News Daily screenshot below) after better-than-expected inflation data from October. Do you think this is a turning points for the Fed to slow down their aggressive rate raising strategy? I'm hopeful that inflation will continue to tick down for the next few months, which will allow the Fed to ease up. 

Those who have been on the sidelines for the last couple of months, may want to consider making moves in the coming weeks. With prices down, sellers willing to negotiate, and rates potentially on a down-trend, this could be the ideal time to make some purchases (wefore everyone else catches on)

What are your thoughts?