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FRYMAN ESTATES
COMMUNITY NEWS


Rising Oil Prices Push Mortgage Rates Higher Despite Stable Inflation Data
Mortgage rates increased this week primarily due to climbing oil prices, while key inflation reports like Core CPI at 2.5% year-over-year met expectations and caused little market reaction. Shelter costs rose 3.0% annually, with rent increases slowing to 0.1% from January, the smallest since 2021, signaling ongoing challenges in the housing market. Existing home sales rose 2% in February, with median prices up slightly to $398,000.
jack5267
Mar 143 min read
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