In the hope of taming inflation, the U.S. Federal Reserve has carried out a series of interest rate hikes. This means that that certificates of deposit and fixed annuities are paying savers more, but it also means higher interest payments on mortgages.According to a report released by real estate firm Redfin on June 7, cash-only payments accounted for 33.4 percent of U.S. home purchases in April — the highest rate since 2014. Redfin reports, "All-cash purchases are making up a bigger portion of... Read this story
