Those anticipating a meaningful drop in mortgage rates might be disappointed. Inflation jumped in March, giving the U.S. Federal Reserve ammunition to hold off on those eagerly awaited interest rate cuts. For the fourth month running, [inflation ticked up](https://www.realtor.com/news/trends/mortgage-rates-could-top-7-this-spring-as-inflation-ticks-up/)—reaching 3.5% year-over-year in March, according to the [most recent consumer price index summary](https://www.bls.gov/news.release/cpi.nr0.htm). This was the
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