Rates for a fixed, 30-year mortgage jumped to the highest rate seen in over 20 years - over seven percent. We'll look at what this means for prospective homebuyers, and the housing market in general.
Yellow stunned the trucking industry when it filed for bankruptcy this month. A specific type of loan, the debtor in possession financing, promises some rich returns to the lender in this case.
The average cost of a 30-year fixed-rate mortgage jumped to 7.09% this week, the highest in over two decades. Rising interest rates have put homes out of reach for many would-be buyers.
Russia has increased interest rates to try to stabilize the country's currency. But it doesn't mean it's running out of money to pay for the war in Ukraine.
Builders broke ground on almost 7% more single-family homes in July than in June. New houses are selling quickly, despite high mortgage rates, because of a shortage of existing homes on the market.
China has seen a series of disappointing economic data this year. UBS' Tao Wang explains what went wrong with the anticipated recovery after China's tough COVID restrictions, and what could come next.
The bond markets are being hit hard by the Fed's aggressive rate hikes and recent events including a downgrade of the country's ratings. These are three ways in which that could impact the U.S.
Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.