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Mortgage rates have now fallen for five days in a row. That puts the average 30-year fixed mortgage around 7.375%, a three-week low and roughly a quarter point below where they were earlier this month. The strange part is that it happened right as we received two hotter-than-expected inflation reports in CPI and PPI.…
Despite surging inflation, Federal Reserve Chair Kevin Warsh offered no hint of another interest-rate hike at an IMF event Friday, sending October hike odds tumbling as he talked up artificial intelligence’s potential to transform the economy. Wednesday’s hot inflation report...
Homebuyers continue to lean on ARMs with typical 30-year mortgage rates near three-year highs