Mortgage rates have been rising swiftly, and that has borrowers rushing in to get the last of the low rates.
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Key Fed measure shows core inflation at 2.8%, in line with expectations
The personal consumption expenditures price index for December was expected to show a 2.6% increase on an annual basis
Germany’s inflation steady at 2.8% in January ahead of February election
The reading was also in line with a forecast from economists polled by Reuters.