Tag Archives: tilts

Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor Mortgage rates fell again this week amid relentless inflation and persistent doubt around the health of the U.S. economy. The rate drop — the third in as many weeks — was slight but still meaningful given rising home prices and generally higher borrowing costs. America’s most popular home loan — the 30-year fixed mortgage — is still significantly more expensive than it was last year. That’s… Source link

Federal Reserve officials are reiterating that single data points will not sway the central bank’s patience on its easy money policies. Inflation data on Wednesday morning showed consumer prices increasing at the fastest rates in over 10 years. But Fed Vice Chairman Richard Clarida said later in the morning that he was “surprised” by the reading but unmoved from a policy perspective. “This is one data point, as was the labor market report,” Clarida said, referencing the Source link