Inflation Is Still Rising—Will Mortgage Rates Follow?

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Inflation Is Still Rising—Will Mortgage Rates Follow?

For nearly a year, persistent inflation in the U.S. economy has forced the Federal Reserve to hike its short-term interest rates to improve affordability, particularly in a volatile housing market. Despite price corrections in a number of regional markets, the government’s consumer price index (CPI) revealed a gradual increase in July. That uptick seems like
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