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

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Inflation tops mortgage rates, a first in 41 years
source : Los Angeles Daily News ( Middle East ) () 13
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.

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