In tight labor markets, employers raise wages, prices go up and inflation often follows. A spike in Jan.'s inflation gauge has led some experts to say the increase could lead to higher borrowing costs for all types of consumer loans, including mortgages.
First-time buyers overpaid an average $2,200 (0.79 percent) for their home, according to Federal Housing Finance Agency senior economists who analyzed appraisal data that covered 1.7 million home sales from late 2012 to early 2016.
The CFPB says it will do everything necessary "to fulfill the Bureau's statutory responsibilities but go no further." Limiting CFPB's future actions will "serve as a bulwark against the misuse of our unparalleled powers," says Director Mulvaney.