Chris Arnold
Stories
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Technology
FTX investors fear they lost everything, and wonder if there's anything they can do
More than one million people may have lost their money in the spectacular collapse of the cryptocurrency trading firm. Some had big chunks of their life savings disappear into a black hole.
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Business
Some homebuyers lose deposits of $10,000, $20,000, or more due to high mortgage rates
There's a high-stakes tug of war over new homes. Many people who signed contracts before houses were built now are scared to buy them. Builders don't want them to back out and are keeping deposits.
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Business
How rising interest rates affect your day to day
The fed raised interest rates again this week by 3/4 of a percent, and mortgage rates have seen their biggest jump in 40 years. Borrowing on credit cards, and car loans is also going up.
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National
Buying a home gets even harder as mortgage rates top 7%
It's harder to afford homeownership than it's been in decades as a steep run-up in both prices during the pandemic and more recently interest rates hit buyers from both sides.
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Law & Courts
Appeals court says financial watchdog agency CFPB's structure is unconstitutional
Three federal appeals court judges appointed by President Trump have ruled that the funding structure of the Consumer Financial Protection Bureau is unconstitutional.
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National
When stocks are down, bonds hold steady or go up. So why are bonds down?
The U.S. stock market is down this year. When that happens, bonds typically go up. But right now, both stocks and bonds are down.
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National
With mortgage rates near 7%, the housing party is over. Now it's hangover time
Higher rates are dashing the dreams of some would-be homebuyers while others stretch to buy but spend close to $1,000 a month more in monthly payments for a typical house.
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National
Mortgage rates are up, sales of homes are down
The current percentage rate for the average home loan is nearly 7%. These mortgage rates continue to push home ownership out of reach for many Americans navigating a frothy housing market.
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Business
Bonds are down. That's hurting retirees and people trying to save for college
Investors are getting hit with a double whammy: stocks AND bonds are down. That's hurting retirees and people trying to save for college.
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Business
Home prices see biggest drop in 9 years, thanks to higher mortgage rates
The super-heated housing market is cooling off. Home prices have fallen about 6% since their peak in June. The pace of sales also fell for the 7th straight month.