The post Mortgage Rates Surge as Inflation Lingers appeared first on Weekly Real Estate News.
Mortgage Rates Surge as Inflation Lingers
Economy
Food Inflation Has Dropped Dramatically Since Last Year—But Many U.S. Households Still Say It’s Too High, Report Finds
Despite recent trends of cooling inflation, grocery prices in the second quarter of 2023 remained a concern among U.S. households—especially for families with children—according to a report by data consulting company Dunnhumby, suggesting American shoppers remain worried […]
Economy
U.S. Fed hikes key interest rate by 0.25 point to curb inflation
The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 0.25 percentage point, pressing on with its aggressive monetary tightening campaign to curb decades-high inflation despite further financial turmoil following the collapse of […]
Housing Wire
Mortgage applications ticked up 7.4% during wild week in mortgage
During the week that mortgage rates very briefly touched down into the 5% range, mortgage applications increased 7.4%, according to the latest reading from the Mortgage Bankers Association. Still, mortgage demand is down 58% from a year prior. Mortgage […]