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Mortgage rates shoot to 2-month high after hot inflation report

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A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly government report on wholesale prices showed inflation is still persistent and hotter than most analysts had expected. The average rate on the 30-year fixed mortgage … Read more

Bitcoin nears 2-month low after Fed minutes dial up inflation fear

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Cryptocurrencies have been underneath strain Thursday as buyers grappled with renewed considerations concerning the U.S. economic system. Bitcoin was final decrease by about 4% at $27,901.60, in accordance with Coin Metrics. The slide started after the minutes of the Federal Reserve’s July coverage assembly have been launched Wednesday. The minutes cautioned that Fed officers see … Read more