consumer price

Mortgage rates fall for the second week in a row |  CNN Business

Mortgage rates fall for the second week in a row | CNN Business

Mortgage rates fell again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending Nov. 23, down from 6.61% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, boosted …

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Mortgage rates plunge, biggest weekly drop since 1981 |  CNN Business

Mortgage rates plunge, biggest weekly drop since 1981 | CNN Business

Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …

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Another Key Economic Report Shows Inflationary Pressures Easing |  CNN Business

Another Key Economic Report Shows Inflationary Pressures Easing | CNN Business

Minneapolis CNN Business — A key measure of inflation, wholesale prices, rose 8% in October from a year earlier, according to the latest report from the Bureau of Labor Statistics. Although still historically high, this is the smallest increase since July last year and significantly better than expected. It’s the second inflation report this month …

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Inflation data shows US prices were still too high last month |  CNN Business

Inflation data shows US prices were still too high last month | CNN Business

Minneapolis CNN Business — A fresh batch of inflation data released on Friday showed that while prices remained uncomfortably high in September, a slowdown in wage growth indicates some relief may be in sight. It’s an encouraging development for the Federal Reserve, which is battling to bring down the highest inflation in 40 years. The …

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