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There Goes the Spring Selling Season: Mortgage Rates Jump, Mortgage Applications to Purchase a Home Drop

The average weekly mortgage rate for conforming 30-year fixed mortgages rose to 6.43%, the highest since October 2025, according to the Mortgage Bankers Association today. This weekly measure of mortgage rates is once again solidly in the middle of the 6% to 7% range that has prevailed since mid-2022, and that before 2008 was considered

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The US Labor Market Confounds with its Countercurrents. It May Be the New Normal Labor Market

On one side, there are the tech layoff announcements, often to clean up what tech CEOs widely called “over-hiring” to describe what they’d done in 2020-2022, when their payrolls exploded; Block CEO Jack Dorsey was thelatest on X, “yes we over-hired during covid…,” after Block announced that it would lay off nearly half its staff,

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Ron Insana On HFT

“ON A LONG ENOUGH TIMELINE, THE SURVIVAL RATE FOR EVERYONE DROPS TO ZERO” Hey Ron, didn’t realize your new position as a contributing editor onCNBCcame with the contributing title of “Portfolio Manager.” Didn’t Stevie put a one yearkibboshon that? But I digress… And in all honesty I am surprised that you seem to have the

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Iran is what happens when leaders ignore their spies

Intelligence agencies are often blamed when the use of military force has an unexpected or negative outcome.Punditsoftenargueleaders end up in difficult situations because they are not fully informed, orintelligence agencies got it wrong. Of course, analysis is sometimes wrong.Intelligence failuresdo happen and can lead to bad decisions and disastrous outcomes. When intelligence agencies fail,as they

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