Another day, another piece of inflationary data. June’s Consumer Price Index showed a 5 percent year-over-year increase in what is now the largest annual Cost of Living increase for Americans in 17 years. This is bad news for active home buyers because rising costs are considered inflationary and inflation causes mortgage rates to increase. Predictably, […]
Cost of Living Increase!
July 18th, 2008 · Comments Off on Cost of Living Increase!
Tags: Economy · Mortgage Lending