10 things getting more expensive this fall

  • Buying a home

    Photo, file: David McNew/Getty Images

    Homebuyers could see a double-whammy this fall of higher prices and higher interest rates. Home prices for 20 major U.S. cities rose 9.3 percent in May from a year earlier. And while that growth had cooled somewhat from April's 10.8 percent gain, prices could continue ticking up as the U.S. economy and employment situation improve.

    No one can accurately predict where mortgage rates are headed, of course. But they stand to gain on better economic news, slightly higher inflation and an improving jobs picture, according to 24/7 Wall Street. "Today's market is wound tight like a coil and sits ready to spring," writes mortgage market expert Dan Green. The average 30-year fixed mortgage rate is about 4.35 percent.

  • Kim Peterson

    Kim Peterson is a financial journalist covering business and the economy. She has written for several online and print publications, including MSN Money and The Seattle Times.