Mortgage rates are rising again, driving more buyers out of the housing market

Mortgage rates keep rising like the Federal Reserve It seeks to tame impractical inflation. The 30-year fixed-rate mortgage averaged 5.81% in the week ending June 23, up from 5.78% the week before, according to Freddie Mac. This time last year, rates averaged 3.02%, and the last time rates were this high was in the winter … Read more

Opinion: It’s time to prepare for a recession

Editor’s note: Lakshman Akuthan and Anirvan Banerjee are co-founders of the Economic Cycle Research Institute (ECRI). The opinions expressed in this comment are their own. The economy is about to enter a recession, perhaps as soon as this year. To avoid a major financial hit, Americans will need to prepare. Last summer, we wrote that … Read more