Decoding the Surge: Unraveling the US Inflation Story of 2023

US Inflation

In the intricate dance of economic forces, the US finds itself grappling with a persistent concern — inflation. Throughout recent years, the general price level of goods and services has been on an upward trajectory, hitting a peak of 9.1% in June 2022 before slightly easing to around 3.7% in September 2023. Unmasking the Culprits … Read more

Housing Market in Turmoil: Mortgage Rates Surge, Approaching 8%

Mortgage rates

In a startling turn of events, the housing market is facing a tumultuous period as housing mortgage rates skyrocket to near-2008 levels. According to recent data from Freddie Mac, the average 30-year fixed mortgage rate has surged to a staggering 7.98%, up by 6 basis points in just one week. The 15-year fixed mortgage rate … Read more