ROUNDUP: Of Mortgages and Migrants


MORTGAGE RATES SOAR: The average rate of interest on new mortgages hit 6% this week, mortgage backer Freddie Mac announced yesterday, marking the highest level since 2008. Mortgage lenders are raising rates in response to the Federal Reserve hiking the core overnight bank funding rate. Rising rates are expected to dampen housing market demand and lower home prices, as fewer buyers can afford monthly payments. Read more.

BIDEN REACTS TO MIGRANT BUSES: President Biden lashed out at Texas Gov. Greg Abbott and Florida Gov. Ron DeSantis for sending migrants to liberal strongholds yesterday, accusing them of “playing politics with human beings” and condemning the practice as “reckless” and “un-American.” Biden made the remarks after roughly 100 migrants were dropped off at the Naval Observatory, the official residence of Vice President Kamala Harris. Read more.

By We'll Do It Live