With Mortgage Rates Soaring, the Housing Market Takes Another Hit
As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock. The interest rate for the most common home loan in the United States…
Florida Grapples With Historic Storm as Ian Dumps More Flooding
Some 2.6 million Florida homes and businesses were without power, rivers were overflowing, and cars floated through the streets of Fort Myers. Ian, one of the strongest hurricanes to hit…
U.S. Jobless Claims Hit Lowest Level in Five Months
U.S. applications for unemployment benefits fell last week to the lowest level since the spring as many employers hesitate to lay off workers despite a slowing economy. Initial jobless claims,…
Mortgage Rates Rise to 6.7%, Highest Since 2007
Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis that adds pressure to the already cooling U.S. housing market.…
More Companies Than Ever Are Sharing How Much Jobs Pay
Ready or not, what your job pays is about to get a lot less private. California, with its roughly 19 million workers and some of the biggest US companies, Tuesday…
Global Bonds Rally After 10-Year Treasury Yield Touches 4%
Government bonds in Europe and the U.S. rallied Wednesday after an announcement by the Bank of England that it would buy longer-term U.K. bonds served to ease investors’ concerns about…