Kansas City Fed President Thomas Hoenig (non-voter) says that inflation is becoming embedded in the economy and that may compel a significant interest rate hike . In a speech in Denver, Colorado, Hoeing that consumers are showing an "inflation psychology to an extent that I have not since the 1970s and...
Rising inflation fears led to an increase in mortgage rates across the board according to Freddie Mac's Weekly Primary Mortgage Market Survey for the week ended June 1. At the same time the survey conducted by the Mortgage Bankers Association had a more mixed outcome. Freddie Mac's survey placed the...