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Tomorrow’s CPI and Fed news will tell about the future of rates

Mortgage rates are up across the board — the average 15-year fixed rate is back up over 6%. and the 30-year fixed rate is inching closer to 7%. This is set to be a big week for mortgage rates. Tomorrow, the U.S. Bureau of Labor Statistics releases the May Consumer Price Index report. CPI is a key way of measuring …

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Boomers, millennials locked in ‘showdown’ over housing: Fortune

street view of high income single-family home neighborhood As baby boomers increasingly seek to age in place in their own homes — a scenario supported by both the preferences of older homeowners and the realities brought on by elevated mortgage rates — this is clashing with the desires of millennials who wish to enter the housing market, as the combination …

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