Social Security Benefits Will Rise 3.6% in 2027—but Some Key Costs Are Rising Faster
The Social Security Administration announced on Wednesday that Social Security benefits will get a 3.6% boost in 2027, after a year of hotter-than-expected inflation. It's a sharp increase from the 2.8% adjustment beneficiaries received for 2026 and the largest bump since 2023, when benefits rose 8.
Mortgage Applications Fall Again as Higher Interest Rates Sideline Buyers
Mortgage applications fell once again last week, as higher inflation and continuing uncertainty over the global economy kept interest rates climbing for the seventh straight week. For the week ending Oct. 9, the Mortgage Bankers Association's Market Composite Index—a measure of total mortgage loan a
Inflation Jumps to 3.7% in Troubling Sign for Mortgage Rates
Inflation rose last month, driven by surging gas prices as the war with Iran continues to affect oil prices, according to the latest consumer price index report. Overall prices rose 3.7% for the 12 months through September, up from a 3.4% annual increase in August, according to data released by the
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