News Formal

Mortgage rates jump, Better sinks, Fed's Collins on rates: Top stories

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Mortgage rates surged to a 22-year high according to the latest numbers from Freddie Mac. Online mortgage lender Better Home and Finance (BETR) made its debut on the Nasdaq, with shares sinking 93% on its first day of trading. Boston Fed Reserve President Susan Collins told Yahoo Finance that more rate hikes may be needed to tame inflation. Yahoo Finance Live breaks down Thursday's top stories.

Remember Greta Thunberg? the popular Swedish activist's net worth has baffled everyone -- Global investors have been shedding China’s blue-chip stocks during the longest stretch of outflows on record, showing even the nation’s industry leaders are falling out of favor as a rout deepens.

Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekIndia First to Land Near Moon South Pole After Russia FailsS&PWarren Buffett stocks are some of the easiest choices, picked by the financial guru himself. But these are the best of the best.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Better is 'building long-term value for shareholders,' CFO saysOnline mortgage lender Better (BETR) shares plummet after going public on Thursday. Kevin Ryan, Better President & CFO, joins Yahoo Finance Live to discuss the company's public debut, its SPAC merger with Aurora Acquisition Corp (AURC), and the outlook for the company. Ryan spoke about why the deal made sense for the company now despite this being a poor time for mortgage lenders. The Better President & CFO said, 'Were there other deals possible? Yes. Were any as attractive as this deal? ... We thought this was just simply the best answer.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »