A rising inflation rate could complicate the mortgage interest rate climate. OsakaWayne Studios/Getty Images

Inflation is on the rise again.

That was the major economic takeaway on Friday morning after the Bureau of Labor Statistics released its delayed reading on inflation for September. Released later than planned due to the ongoing government shutdown, the report showed inflation ticking up to 3% from 2.9% in August . While that was a smaller decrease than economists expected, it still represented a move in the wrong direction for millions of Americans.

Two specific groups that could be directly affected are homebuyers and current owners looking to refinance. Mortgage interest rates , after all, have been on a slow but noticeable decline for much of 2025 . And they'

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