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“Average long-term US mortgage rate rises to highest level in nearly 3 years Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years Mortgage rates marched higher…”

“Mortgage rates are closely tied to US 10-year Treasury notes.”

“The warning comes as borrowers absorb four Reserve Bank interest rate rises this year, with the possibility of another increase in November.”

“Sales of previously occupied US homes rose in September from the previous month, but slowed compared to a year ago, the latest sign the housing market remains stalled as rising mortgage rates and home prices discourage prospective homebuyers.”

“The consensus among US economists is that headline inflation will have risen from August’s 3.4 per cent to 3.6 per cent or 3.7 per cent, with “core” inflation (excluding energy and food costs) either steady or edging up from 2.5 per cent to 2.4 per cent.”

“Donald Trump is thrashing about wildly as if to escape somehow the fate that awaits him in the US midterm elections in three weeks.”

“The rise in diesel is more indirect, raising the costs for just about any shipped product, which usually results in higher prices for everything from food to clothing.”

“President Trump campaigned in 2024 on promises to lower Americans' cost of living, vowing to push gasoline prices below $2 a gallon and to deliver 2% mortgage rates.”

“As interest rates started to rise earlier this year, Andrew Clifford decided he needed to protect his family from being stretched any further.”

““Public shareholders are going to benefit from the rise in this stock,””

“Mortgages cost more, so does shopping, all courtesy of rising interest rates and high inflation.”

“To bring affordability back to its 40-year average, ICE estimates mortgage rates would need to fall 2.6 percentage points, household incomes would need to rise 32%, home prices would need to drop 24% — or some combination of the three.”

“…Doyle, Fairy Meadow It’s the stupid economy Ross Gittins is sort of on the right path, suggesting an alternative to interest rates as the tool solely used to fight inflation (“Trying to tame inflation with higher interest rates is dumb and unfair”, October…”