May 15, 2024
Finance

Inflation comes in hotter than expected in March

US consumer prices came in hotter than expected in March, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.5% over the prior year in March, an acceleration from February’s 3.2% annual gain in prices. The data matched

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Mortgage

How Will the Election Affect Mortgage Rates?

NoDerog / Getty Images/iStockphoto It’s no secret that mortgage rates have been ballooning lately, affecting both homebuyers and sellers — many of whom feel locked in by the lower rates they secured a few years ago. In turn, the dearth of inventory is putting pressure on home prices, leaving many would-be buyers on the sidelines.

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