MarketMinute | How Much Did Purchase Mortgage Apps Fall?
Retail sales showed signs of slowing in August, as higher gasoline prices limited consumers’ discretionary spending. Gas prices fed the year's biggest monthly rise in consumer inflation, though the annual increase was the smallest in almost 2 years. Wholesale inflation also rose in August, more than expected. Rising inflation can lead to higher mortgage rates. Black Knight reports P&I payments topped $2K for more than half of new July mortgages and over $3K for almost a...
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