Mortgage rates were expected to fall, but they’re surging. There’s a reason for that.

Rates were supposed to go down — but a strong U.S. economy is getting in the way.

MarketWatch - 5h

Stocks and Bonds Fall After Strong Jobs Report Fuels Interest Rate Concerns

Stronger-than-expected data on the labor market has added to clues that the economy continues to run at a solid pace, amplifying fears about stubborn inflation.

The New York Times - 6h

Faisal Islam: Mortgage rates are not rising yet but Reeves has to act

Why Rachel Reeves needs a more detailed growth strategy - and soon.

BBC News - 10h

U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%

Nonfarm payrolls were expected to increase by 155,000 in December, according to the Dow Jones consensus forecast.

CNBC - 11h

The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

The New York Times - 14h

Their Social Security benefits were slashed. Now they’re getting hundreds — maybe thousands — of dollars back under new law Biden just signed.

Retired public workers will get check adjustments and retro pay under the recently signed Social Security Fairness Act.

MarketWatch - 7h

UK debt market sell-off threatens mortgage pain for households

Some 700,000 borrowers face jump in repayments when fixed-rate deals end this year

Financial Times - 22h

Toyota opens doors to $10B ‘City of the Future’ — and they’re recruiting residents

Yahoo News - 1d

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 - 1d

Average US long-term mortgage rate inches up to 6.93% for fourth straight increase

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July

ABC News - 1d

5 ways to save on your mortgage payments this January, according to experts

Saving on mortgage payments could help you start the new year strong. Here's how to get started.

CBS News - 1d

These Roadies Help Stars Rock ’n’ Roll All Night. They’re in Their 70s.

Some of the live music industry’s most respected and consistently working roadies, instrument techs and sound people have been on the job for half a century.

The New York Times - 1d

Most Fed officials were worried about higher inflation, but not enough to put rate hikes on the table, minutes of December meeting show

“Almost all” Fed officials judged that the upside risks to inflation had increased, according to minutes of the Fed’s December meeting released Wednesday.

MarketWatch - 2d

Treasury yield curve steepens for all the wrong reasons

Investors continued to sell off the 30-year Treasury bond for a sixth straight session on Wednesday, pushing its yield further into its highest closing level in more than a year.

MarketWatch - 2d

What factors drive mortgage loan interest rates?

The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.

CBS News - 2d

Two Football Lifers Became Outcasts. With the Vikings, They’re Revered.

The Minnesota defensive coordinator Brian Flores and the senior vice president of player personnel Ryan Grigson have become each other’s allies.

The New York Times - 2d

Mortgage rates hit highest level since July, crushing application demand

Total mortgage application volume dropped 3.7% compared with the previous week.

CNBC - 2d

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 - 2d

Indian officials confirm first cases of HMPV, say "no reason to worry"

Officials in India have confirmed the country's first 7 cases of human metapneumovirus, which is reportedly surging in neighboring China.

CBS News - 3d

New York Crime Rate Falls, but Number of Felony Assaults Rises Again

Killings and shootings have dropped, but headlines have been dominated by terrifying crimes, like the killing of a woman who was burned to death on the F train.

The New York Times - 4d

C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.

The New York Times - 4d

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 - 4d

They Instigated an Infamous N.B.A. Brawl. Now They’re on the Same Team.

For 31 years, Nate McMillan and Scott Brooks never talked to each other about their confrontation. Then JJ Redick hired both of them.

The New York Times - 4d

Channel migrants: The real reason so many are fleeing Vietnam for the UK

More Vietnamese attempted small-boat crossings in early 2024 than any other nationality - what makes them risk this dangerous journey?

BBC News - 5d

Phantom data centers: What they are (or aren’t) and why they’re hampering the true promise of AI

So-called fake data centers are a bottleneck to scaling infrastructure to keep up with compute demand for AI and other critical workloads.

VentureBeat - 6d

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 - 6d

Latest in Mortgage rates were expected to fall, but they’re surging. There’s a reason for that.

Topics