After briefly exceeding its all-time high, oil closed Monday at $102.45. Rising energy costs can lead to inflation because American Business eventually passes on its higher costs to American Consumers. When consumers have to spend more money for the same amount of product, it’s called “inflation”. Another way to look at inflation is like an [...]

Mortgage rates edged lower last week but it was another wild ride. Market players continue to deal with competing economic forecasts. When the economy shows signs of brightness — like it did Monday and Tuesday — mortgage rates tend to rise. This is because markets are currently equating growth with inflation and inflation pressures mortgage [...]