Mortgage rates inch closer to 8% as housing costs weigh on inflation

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Mortgage rates climbed for the 5th straight week, with the 30-year fixed average nearing 8% as the Fed battles shelter inflation. Yahoo Finance’s Dani Romero...

Mortgage rates climbed for the 5th straight week, with the 30-year fixed average nearing 8% as the Fed battles shelter inflation. Yahoo Finance’s Dani Romero reports on the continued housing cost increase and how both consumers and investors are responding.Digital World Acquisition Corp , the blank-check acquisition company that plans to merge with former U.S.

'Don't invest in the US': Jeremy Grantham just issued a warning over American stocks, saying S&P 500 could crash by over 50% if 'a couple of wheels' fall off — here's where to look insteadUS stocks are near their most expensive levels in over two decades, relative to the debt market. The last time stocks were this pricey was during the dot-com boom - and that was followed by a 50% crash in the S&P 500.

China is boosting efforts spread the yuan as it sells a record $7.5 billion in offshore bonds this year Russia rolls out currency controls in a bid to revive the ruble, which has cratered against the dollar this year

 

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