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Getty Images For homeowners, big projects and purchases may be another casualty of rampant inflation, new research suggests. Overall, 60% of homeowners in a recent survey are less comfortable making large purchases for their home or household because of rising prices, according to Hippo Insurance’s 2022 Homeowner Preparedness Report. And 43% either strongly (14%) or
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Home prices are up over 40% since the start of this pandemic and mortgage rates have increased approximately 2.5 percentage points this year alone! In addition, inflation is at 40yr highs. In contrast, home owners are racking up a record high amount of equity in their homes. In today’s housing market update, I share all
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The Federal Reserve raised its target federal funds rate by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday in an effort to quell runaway inflation. “The motivation for all of this is that prices are going up,” said Chester Spatt, a professor of finance at Carnegie Mellon
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