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The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.
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Mortgage Rates Top 7% As Housing Market Slumps - WSJ The Wall Street JournalU.S. Mortgage Rates Jump Above 7% for the First Time This Year The New York TimesMortgage rates surpass 7% while home prices show no signs of declining Yahoo FinanceStubbornly high US inflation grew stronger than expected in March CNNSluggish start for spring homebuying season as home sales fall in March with mortgage rates rising The Associated Press
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A selloff in U.S. government debt pushed the policy-sensitive 2-year rate to a five-month high on Thursday after a key Federal Reserve official did not rule out the possibility of a rate hike.
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BP said the changes are part of a plan to turn it into an integrated energy company and invest more in low-carbon activities.
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President Joe Biden is promising to block the acquisition of U.S. Steel by a Japan company, saying it "should remain a totally American company. American-owned, American operated."
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Gold has room to rise after reaching record highs this year, as a "shifting interest-rate landscape could be a particularly powerful tailwind," according to Wells Fargo Investment Institute.
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