How Inflation Breaks Our Brains

By Illustration: Women’s March on Versailles, October 5, 1789; public domainWhen Russian peasants set fire to hundreds of buildings in Moscow in 1648, the acute cause was a sharp rise in the price of salt. When they rioted again 12 years later, it was to protest a government policy that made copper money equal in value to…

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Today’s 30-year mortgage interest rates stay at 6.125% while 15-year rates drop to 5.375%

By: The median interest rate on a 30-year fixed-rate mortgage is 6.125% as of September 5, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.375%, which is 0.115 percentage points lower than yesterday.The Federal Reserve is preparing to cut its benchmark interest rate for the first time…

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