Higher Rates Higher Costs

Inflation hits a three-year high, pushing mortgage rates up and squeezing household budgets as everyday costs climb and wages lag behind. The Fed’s unlikely to cut rates anytime soon—some even predict hikes later this year—making home loans more expensive. Yet home sales surged last month to their highest since December, with improved affordability in some areas and more first-time buyers entering the market. With global tensions driving fuel prices and inflation, higher mortgage rates may stick around. The big question now? How much higher will they go—and how should you plan? Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/94dd6b3a0dd3f33a