Inflation tops mortgage rates, a first in 41 years ...Middle East

The Consumer Price Index for April tells us the national cost of living growing at a 4.2% annual pace, highest inflation since the bubblish days of 2008. Meanwhile, Freddie Mac's average mortgage rate 30-year loans averaged 3.1 percent for the same month,  a smidge above record lows. That's 1.1 percentage points below inflation.

Hence then, the article about inflation tops mortgage rates a first in 41 years was published today ( Thursday 13/05/2021 - 09:48 PM ) and is available on Los Angeles Daily News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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