Mortgage rates are seeing an upward trend, with the average 30-year fixed mortgage rate climbing to 6.88% from 6.82% the previous week. Mortgage News Daily is reporting an even higher rate of 7.37%, up from 7.11% earlier in the week. This increase in mortgage rates could have an impact on the housing market, potentially affecting homebuyers and homeowners looking to refinance their loans.
In the world of finance, CarMax (KMX) is making headlines as the used car retailer reported disappointing fourth quarter earnings and is delaying the date to reach a key sales target. Other trending tickers include Rivian Automotive (RIVN), Rent the Runway (RENT), and Alpine Immune Sciences (ALPN). Investors and analysts are keeping a close eye on these companies amidst the shifting market conditions.
Key guests scheduled to appear include Rick Rieder, BlackRock Global Fixed Income Chief Investment Officer; Lorraine Hutchinson, Bank of America Managing Director, Retail Analyst; Jeffrey Lacker, Former Richmond Fed President; and Logan Mohtashami, HousingWire Lead Analyst. Their insights and analysis on the current financial landscape, mortgage rates, and the performance of various companies will be valuable for investors and industry observers.
