Man Group says 5.5% yields risk cracking AI capex, US consumer
Elevated borrowing costs are potential trouble for the boom in artificial intelligence spending and for consumers' pocketbooks.
The playbook for getting a mortgage below 6% as rates top 7%
Some borrowers are still managing to secure significantly cheaper financing: Around 11% snagged rates below 6% in August, according to data from Intercontinental Exchange Inc.
Benchmark shuts wholesale in first exit of latest high-rate cycle
The lender said it closed its Eleven Mortgage brand and its correspondent business to focus on retail, and did not elaborate on potential layoffs.
Pamela Heman
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