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Mortgage rates have spiked to 4.72% in just a week, ahead of the 4.5% projected increase to happen by the end of the year. CNBC has the news about how this will impact the economy @ https://cnb.cx/3ItM1M1

Mortgage rates are surging faster than expected, prompting economists to lower their home sales forecasts Mortgage rates are rising far faster than economists had predicted, and some are now revising their home sales forecasts lower as a result.

Companies are pulling out all the stops to entice workers, offering extra cash, more time off, and quicker access to retirement plans. Forbes has the story @ https://bit.ly/3pVGdVk

To Lure Workers, Companies Are Giving New Employees Their First Weeks Off, Speeding Up Retirement Plan Access—And Piling On The Cash In a tight labor market where candidates hold much more power, companies are increasingly pulling out all the stops, trying new time-off programs, investing more in wages and benefits and adding more or bigger sign-on bonuses.

The average homeowner purchase price has risen to $453,000, setting a record for the highest average purchase loan on record. CNBC has the details @ https://cnb.cx/3GZg4KS

The average size of a new mortgage just set a record, as home prices continue to climb Rising mortgage rates are crushing refinance demand, and higher home prices are causing purchase loan sizes to grow.

Did you receive an excess of child tax credit payments? You might not need to pay the IRS back. CNBC has the scoop @ https://cnb.cx/3Gzqa4M

You may not have to pay the IRS back if you got too much in child tax credit payments The IRS has protections in place that mean some families who received too much through the child tax credit won't have to repay the money.