Imagine the Consumer Price Index (CPI) as a special tool that helps us measure how the prices of everyday things we buy change over time. It’s like a big shopping cart filled with different items that people commonly purchase, such as food, clothing, housing, and more. Now, let’s connect this to mortgages. When you’re buying…

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Mortgage Rates Near 23 Year Highs. Is There Any Hope? Interest rates of all types have been under immense pressure since the beginning of 2022. That’s when the Fed began raising rates at the fastest pace in decades to the highest levels in decades in order to combat a similarly fast-paced spike in inflation. This…

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