Latest
Fresh coverage on the economy, markets, and the forces moving money.
Mortgage rates jump to 6.38% as Iran conflict lifts Treasury yields
Mortgage applications fell 10.5% last week as the average 30-year fixed rate rose to 6.38% and the 10-year Treasury yield surged.
2 min read
Consumer sentiment drops to 53.3 as gas prices surge
Retail gas jumped about $1 in a month to roughly $3.98 a gallon, and consumers lifted 1-year inflation expectations to 3.8%.
2 min read
Treasury auctions show weak demand as Iran war lifts yields
As oil stays near $112, Washington faces $10T in debt refinancing and a possible $200B war request, with higher yields feeding into mortgages and stocks.
2 min read
U.S. consumer sentiment hits three-month low as gas prices jump
Higher gas prices and rising borrowing costs pushed U.S. consumer sentiment to 53.3 in March, with the steepest slide among middle- and higher-income households.
2 min read
Mortgage rates hit 6.38%, reshaping spring homebuying
Freddie Mac’s average 30-year fixed rate rose to 6.38% for a fourth straight week, and a $450,000 buyer pays about $1,120 more per year than a month ago.
2 min read
Weak Treasury demand lifts yields as Iran conflict drives oil
Weak demand at recent Treasury auctions pushed yields higher as investors weigh oil-driven inflation and rising U.S. borrowing costs amid the Iran conflict.
2 min read