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U.S. Mortgage Rates Jump Above 7% for the First Time This Year
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Adjustable-rate mortgage demand surges to highest level this year as 30-year rate keeps climbing
Mortgage applications fell 2.3% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.29%.MarketWatch - Business -
Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.CNBC - Business -
Will mortgage interest rates fall in May?
If you're waiting for mortgage rates to drop, you could be in for a longer wait than anticipated. Here's why.CBS News - Top stories - Mortgage -
EEOC Updates Workplace Guidance for the First Time in 25 Years
The EEOC's new workplace harassment guidelines address gender identity, abortion, and remote work.Inc. - Business -
House prices fall as lenders raise mortgage rates
The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.BBC News - Top stories - Mortgage -
Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.CNN - Top stories - Federal Reserve -
After a strong first round, overall NFL draft ratings down 3% from last year
After posting strong numbers for the first round, viewership for the NFL draft was down 3% from last year on TV and digital platformsABC News - Entertainment - NFL -
After a strong first round, overall NFL draft ratings down 3% from last year
After posting strong numbers for the first round, viewership for the NFL draft was down 3% from last year on TV and digital platformsABC News - Sports - NFL -
What Fed Rate Moves Mean for Mortgages, Credit Cards and Student Loans
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.The New York Times - Business - Federal Reserve -
Tigers' Flaherty strikes out first 7, tying AL mark
The Tigers' Jack Flaherty had a career-high 14 strikeouts vs. the Cardinals, including the first seven batters of the game to tie an American League record.ESPN - Sports
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China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere
More capable autonomous driving is just one way Chinese automakers are threatening to pull ahead — their E.V.s are also becoming bigger and roomier.The New York Times - Business - China -
Tesla Fires Charger Team Amid Hundreds of Layoffs
The carmaker dismissed 500 employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.The New York Times - Business - Tesla -
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Business