Current mortgage and refinance rates for September 25, 2023 | Rates increase
Bankrate.com· 4 days agoAverage mortgage rates moved higher for all loan terms compared to a week ago, according to data compiled by Bankrate. Rates for 30-year fixed, 15-year fixed, 5/1 ARMs and jumbo loans rose.
Mortgage Interest Rates for Sept. 21, 2023: Rates Tick Up
CNET· 1 week agoA few major mortgage rates moved up over the last seven days. The average interest rates for both...
Today’s mortgage rates are mixed, 30-year terms fall while 15-year terms rise
FOX Business· 1 week agoThe interest rate on a 30-year fixed-rate mortgage is 7.625% as of September 19th, down 0.375% from...
30-Year Mortgage Rates Jump by Double Digits
Investopedia· 2 weeks agoRates on 30-year mortgages have yo-yoed since spiking to a 22-year high earlier this month. The latest 30-year average has jumped higher, but still sits lower than the peak.
Should I Draw From Retirement To Pay For My Home Improvements? | Bankrate
Bankrate.com· 2 weeks agoBetween market fluctuations, inflation and the interest rate hikes, funding your next home improvement project can seem like an impossible task. As a result ...
Can’t afford high mortgage rate but want a new home? Try these projects
Minneapolis-St. Paul Star Tribune· 2 weeks agoWhen the pandemic brought on record-low mortgage rates, many Americans bought new homes or refinanced. Houzz, which enables users to post pictures of their house projects ...
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- Inflation in the United States
In economics, inflation is a general increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. wikipedia.org
- Federal Reserve policymakers evaluate changes in inflation by monitoring several different price indexes.
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- Consumer Price Index (CPI), produced by the Bureau of Labor Statistics (BLS), is the most widely used measure of inflation
- The Federal Reserve prefers to use the Personal Consumption Expenditures (the PCE price index) when gauging inflation and the overall economic stability of the United States
- Producer Price Index (PPI), which reports the price changes that affect domestic producers, is another measure of inflation
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- Cost-push inflation
- Demand-pull inflation
- The housing market
- Expansionary fiscal policy
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source: wikipedia.org, investopedia.com, federalreserve.gov, brookings.edu
