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.
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Mortgage lender Better set for Nasdaq debut in test for choppy marketsBy Hannah Lang (Reuters) - SoftBank-backed Better, the digital mortgage lender which hit the headlines in 2021 after laying off 900 employees on Zoom, ...
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U.S. mortgage lender Better’s shares sink in Nasdaq debutinvestors fret over record-high rates
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Fed's Collins: May be at a place where Fed can hold steadyNEW YORK (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Thursday the central bank may be in a place where it doesn't need to ...
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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.'
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US Mortgage Rates Jump to 7.31%, Highest Level Since Late 2000US mortgage rates rose to the highest level since late 2000 last week, sending a key measure of demand down to the lowest in nearly three decades.
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Analysis-Little relief for indebted Canadian homeowners as mortgage rates seen higher for longerBy Nivedita Balu and Fergal Smith TORONTO (Reuters) - Highly indebted Canadians hoping for relief from a rapid rise in mortgage rates are in for some ...
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