30-Year Mortgage Rate Rises Above 7% for First Time Since May

• Mortgage rates rise past a key mark, signaling bad news for home buyers

  The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a mortgage.
  
  MarketWatch - 1h
• 

  UnitedHealth’s Revenues Rise, in First Earnings Report Since CEO’s Killing

  But high medical costs contributed to results that disappointed Wall Street, and the company’s stock fell on the news that it had made less than analysts expected.
  
  The New York Times - 1h
• 

  Mortgage rates are not rising yet but Reeves has to act

  Why Rachel Reeves needs a more detailed growth strategy - and soon.
  
  BBC News - 6d

• 30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

  Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.
  
  The New York Times - Jan. 9

• Mortgage rates hit highest level since July, crushing application demand

  Total mortgage application volume dropped 3.7% compared with the previous week.
  
  CNBC - Jan. 8
• 

  Here's where mortgage rates could be headed in 2025

  Mortgage rates in 2025 are expected to remain above 6%, according to multiple industry forecasts.
  
  The Hill - Jan. 8

• 7 ways to get a lower mortgage rate in 2025

  Lowering your interest rate can save you money over the life of the loan. Here are seven ways to make it happen.
  
  CBS News - Jan. 6

• Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?

  The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.
  
  MarketWatch - Jan. 4
• 

  Tesla’s annual deliveries drop for first time since 2011

  US electric vehicle pioneer led by Elon Musk has been hit by slowing demand
  
  Financial Times - Jan. 2

More from The New York Times

• 

  A First-Day Trump Order: A Federal Stockpile of Bitcoin?

  The cryptocurrency industry has pushed President-elect Donald J. Trump to establish one, creating real political momentum behind the plan.
  
  The New York Times - 3h
• 

  Amid Warnings About Alcohol and Cancer, the N.A. Drinks Industry Could Get a Boost

  The nonalcoholic beverage industry could get a boost from the surgeon general’s warnings linking alcohol to some cancers. But don’t expect the industry to condemn your glass of pinot.
  
  The New York Times - 10h
• 

  On TikTok, Users Mock Looming U.S. Ban

  Ahead of a Supreme Court ruling, they are mocking U.S. national security concerns about the Chinese-owned app.
  
  The New York Times - 5h
• 

  What to Know About the E.V. Tax Credit That Trump Might Repeal

  Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.
  
  The New York Times - 10h
• 

  Trump Treasury Pick Scott Bessent to Face Grilling

  Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.
  
  The New York Times - 4h

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• Trump and Biden may agree on stopping TikTok ban as transition draws near

  President Joe Biden’s administration and the incoming Trump administration both appear to be looking into preventing a potential U.S. ban on TikTok that could start Sunday.
  
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