GO in Know: Mortgage rates, child tax credit data and top financial news for April 15

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We’ve come to another Friday, and Elon Musk still doesn’t have his own social media platform…yet. Twitter’s future aside, GOBankingRates is back to bring you some of the most important financial news of the day. TGIF!

The Big Track: Mortgage Rates

Mortgage rates continue to climb this month, hitting 5% for the first time in three and a half years. Some worry the higher rates will further slow an already-slumping U.S. housing market, though others suggest home sales could pick up in the coming weeks as home hunters scramble to buy homes before mortgage rates won’t go up.

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Spotlight on the Economy: Child Tax Credit

According to the Household Pulse Survey, most Americans spent their expanded child tax credit on food, clothing and housing. Seventy-nine percent of people used part of their credit to buy food, followed by 46% for clothing and 40% each for housing and utilities.

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Well, this is interesting: rising gas prices?

New York Attorney General Letitia James says gas prices in her state may be too high — even given the pressure of world events, rising demand and falling supply — she launches an investigation to find out if the gas industry has engaged in price gouging.

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Bonus: 7 green tax credits

With just days to file your 2021 tax return, you need to make sure you’ve exhausted all opportunities to save money and claim available credit where you can. For many environmentally conscious homeowners and business owners, going green can save you a lot of money on your taxes.

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ICYMI: Yesterday’s GO in the Know

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