Profits are down on $3 mortgage inspections. The profit was “maybe” $1.50 last year. This year it is probably closer to $1.25 due to higher inflation.
More expensive gas and rising housing costs boosted consumer inflation in September by the largest amount in five months, keeping the Federal Reserve on the cusp of raising U.S. interest rates.
The consumer price index climbed 0.3% last month, the government said Tuesday. That matched the forecast of economists polled by MarketWatch.
The cost of shelter — rent, new homes and previously owned homes — rose at the fastest pace since May. Energy prices, mainly gas, also posted the biggest increase since early spring. That largely accounted for higher consumer inflation in September.