The pandemic boom in home sales is over’: Mortgage rates soar to highest level since 2009 as the Fed pressures the housing market

The 30-year fixed-rate mortgage averaged 5.27% for the week ending May 5, according to data released by Freddie Mac FMCC, -0.46% on Thursday. That’s up 17 basis points from the previous week — one basis point is equal to one hundredth of a percentage point, or 1% of 1%

https://www.marketwatch.com/story/the-pandemic-boom-in-home-sales-is-over-mortgage-rates-soar-to-highest-level-since-2009-as-the-fed-pressures-the-housing-market-11651760108?link=sfmw_fb&fbclid=IwAR14JE4G-PIvrSuqUXZFYxstOPGt3e9-bcVJhCZMwq58qx8b-fawz1TCp_o

Record-high inflation could mean a bigger Social Security cost-of-living adjustment in 2023

Social Security beneficiaries started 2022 with a 5.9% cost-of-living adjustment to their monthly checks, the highest increase in about 40 years.

But as inflation climbs with each month, the buying power of those benefit increases has diminished.

The Consumer Price Index for all Urban Consumers, or CPI-U, rose 8.5% from a year ago, according to March data released by the U.S. Bureau of Labor Statistics on Tuesday.

https://www.cnbc.com/2022/04/12/inflation-could-mean-a-big-social-security-cost-of-living-adjustment-in-2023.html

Retirement in a High-Inflation Environment – SWR Series Part 51

February 28, 2022 What a difference a year makes! In late 2020, only about 16 months ago, I felt the urge to comment on the then-fashionable …

Retirement in a High-Inflation Environment – SWR Series Part 51

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‘Was That It?’: Bearish Psyche Versus Right Tail Risk

It could be an afterthought by the end of the week depending on how patient rates are with what was almost guaranteed to be yet another scorching …

‘Was That It?’: Bearish Psyche Versus Right Tail Risk

Inflation, Recession And Rabbit Holes

For the first time since the emergence of the Omicron variant, money markets bet on a 10bps rate hike from the ECB in September. That tidbit, …

Inflation, Recession And Rabbit Holes

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