Check out what’s clicking on FoxBusiness.com The average rate for a 30-year fixed mortgage topped 6% this week for the first time since late 2008, and the latest data shows the staggering impact a combination of rising rates and elevated home prices has on home affordability. After Freddie Mac reported […]
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Stock sell-off extends into third day amid renewed rate fears
U.S. stocks fell on Tuesday to mark a third-straight losing session, deepening a rout kicked off Friday following Fed Chair Jay Powell’s speech in Jackson Hole. When the bell rang on Wall Street, the S&P 500 was off 1.1%, the Dow down 1%, and the tech-heavy Nasdaq fell 1.1%. Tuesday’s […]