On my way home from work tonight I noticed that when I left off the gas to coast my car was slowing faster than usual. It would make a light squeaking noise occasionally, and there was some vibration in the steering wheel. When I got closer to home I started smelling a hot metal smell coming through the vents. When I got home and parked in the garage I got out and did a walk around, and the front passenger wheel well had a ton of heat coming out of it and the wheel itself was uncomfortably hot to the touch. The smell was also very strong in that area.
Any ideas on what the cause of this might be? I'm thinking that perhaps the caliper froze up slightly compressed and is constantly rubbing the rotor, but would that cause the actual wheel to get that hot?
Car is a 01 GTP. 115k. CV's were done just a few months ago with NAPA's.
Thanks.