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CPI
The Shockwave of Inflation: Credit Card Debt Out of Control Amid Surging Prices
The credit card debt we’re facing as a nation clearly shows the significant economic challenges many people are dealing with in today’s high-inflation environment. Even with inflation numbers showing a decrease from the peak levels that exceeded 9%...
Rising Rental Rates Defy Cooling Inflation Trends CPI Report Reveals
The latest Consumer Price Index (CPI) report, released May 15, 2024, indicates that inflation has cooled a bit, but rising rental rates are still present. The overall inflation rate has shown signs of deceleration, with the CPI increasing by only 3.4% from the...
Mortgage Rates Surge Following New CPI Data Casting Shadow Over Spring Buying Season
The recent Consumer Price Index (CPI) report, released this week by the Bureau of Labor Statistics, came in hotter than anticipated, impacting mortgage rates and effectively casting a shadow on the spring buying season. The data revealed a 0.4% increase, landing at...
Mortgage Rates Rise in Response to Several Factors as Housing Activity Slows Creating Opportunity for Property Investors
The average long-term U.S. mortgage rate rose last week to its highest point in 10 weeks, adding to the list of closely watched economic data released just days apart. According to Freddie Mac, the 30-year fixed-rate mortgage experienced an increase of 13 basis points...
Timeline for Expected Rate Cut Shifts After CPI Numbers Released – Housing Market Still Expected to Surge
CPI numbers released today indicate U.S. inflation pressures cooled in January. Still, the drop was less than anticipated, which lines up with the reasoning behind the Federal Reserve’s caution on interest rate cuts. Others had been more hopeful, as seen in a...
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