Mortgage rates increase for 10th consecutive week, highest in over 20 years

US mortgage rates increased for the 10th consecutive week as of the week ending October 21, reaching the highest level they have been for over 20 years, the Mortgage Bankers Association (MBA) reports. Mortgage applications for the week ending October 21 also decreased by 1.7 percent from a week earlier.

US Inflation Spikes to 8.2%

Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively.

Mortgage Interest Rates Rise To Highest Level Since 2006

The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions, data from the Mortgage Bankers Association (MBA) showed on Wednesday.

Numerous Killed In Massive Russian Strikes On Ukraine

Authorities say a massive wave of Russian missile strikes on cities across Ukraine, including the capital, killed at least 11 people and injured dozens more. Russian President Vladimir Putin confirmed the strikes saying they were in response to an attack on a bridge linking Russia and occupied Crimea and warned of more violence.

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