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【Zillow】Mortgage Rates Move Up on CPI Data Release

【Zillow】Mortgage Rates Move Up on CPI Data Release

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Mortgage rates moved higher last week, reaching levels not seen since 2008.The big driver was the CPI data release, which showed that inflation is not slowing as expected and likely requires more rate increases from the Federal Reserve. In addition, jobless claims showed a persistently tight labor market, which could drive up costs of goods and services as wages increase.

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