REAL ESTATE

Mortgage rates climb for third week on threat of sticky inflation

Mortgage rates continued their climb as inflation woes persist. The Federal Reserve's successive interest rate increases brought down inflation, however price acceleration is still above the central bank's target, causing borrowing costs to skyrocket.

Mortgage rates continue downward trend

Mortgage rates continue cooling off as optimism reigns that the Federal Reserve will loosen its fight on inflation. Home buyers optimistically return to the market.