Inflation soars as 30-year mortgage rates plunge below 3% - NewsBreak

Freddie Mac's 30-year fixed plunged 11 basis points to 2.98% this week, even as the nation's inflation rate jumped to 6.2%. When was the last time this happened? Exactly never. Traditionally, mortgage rates move up with inflation, says Richard Green, director of USC's Lusk Center for Real Estate. "This...