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Personal Finance Daily: Why mortgage rates fell despite inflation hitting a 13-year high and fixing student debt will take more than loan forgiveness


Hello, MarketWatchers! Don’t miss these top stories.

Almost half of LGB professionals experience discrimination at work — and it’s even worse for people of color

Black LGB professionals ‘experience the most intense discrimination based on their sexual orientation,’ a new report says. Read More

Used cars and housing costs drove inflation last month

The price of used cars increased by 7.3% last month compared to April — accounting for one-third of the 0.6% increase in the overall price of goods and services. Read More

Women don’t mind a gender pay gap if they benefit from it, a new study shows

For years women have made less than men. But research shows that women would have a similar attitude as men if the roles were reversed. Read More

Mortgage rates fell over the past week, despite inflation hitting a 13-year high. What’s going on?

‘The fact that rate movements don’t appear to be tied to any specific data or developments makes it difficult to chart their path forward.’ Read More

What is inflation? Hint: It’s not the 12% increase in rental-car prices last month

‘If you’re someone who’s going to the grocery store on a regular basis or even to the gas pump, and you’re noticing that those prices are rising, that doesn’t always necessarily count as inflation. Read More

California’s rising house prices increase the risk of more wildfires — and there could be devastating consequences

Last year, California experienced five of the six largest fires in the state’s history. The dynamics in the housing market mean that history could repeat itself. Read More

The 2021 Mazda3 vs. 2021 Hyundai Elantra—which is better?

It’s a fun-to-drive car vs. one with a longer warranty and good fuel economy. See which one is right for you in the competitive sedan class. Read More

Solving the student debt problem will take more than loan forgiveness

As a new crop of students gets ready to borrow for college and multiple generations of borrowers grapple with debt, experts weigh in on possible solutions. Read More

I’m 59. My wife is 33. We have 2-year-old twins. I pay for my mother-in-law’s rent. The time has come for me to cut the cord

‘My wife has two siblings. One has very little, while the other has no kids and a nice business — yet he has never contributed to his mom’s expenses.’ Read More

‘We will all be incredibly rusty no doubt, and play terrible, but that’s not the most important part: Office sports teams are finally getting back together

Are the bowling alley and softball field taking the place of the office water cooler? Read More

: Chipotle’s upcoming launch of smoked brisket should make recent price hikes easy to swallow

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