Inflation surged in September as U.S. energy costs jumped
Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
Watch CBS News
Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
Homebuyers are getting some relief from high borrowing costs as mortgage rates sink on expectations the Federal Reserve will cut rates.
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
U.S. home prices increased more slowly in September from a year ago as higher mortgage rates weighed on sales.
U.S. home prices jumped 12.2 percent in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening.
Is the Obama administration failing the housing market? Maybe.
