8.0 Mortgage rates are on the rise again

After taking a breather for several weeks, mortgage rates climbed again. The 30-year, fixed-rate mortgage averaged 5.23% in the week ending June 9, up from 5.09% the week before, according to Freddie Mac. The rate remains well above the 2.96% average from this time last year. "After little movement the last few weeks, mortgage rates rose again on the back of increased economic activity and incoming inflation data," said Sam Khater, Freddie Mac's chief economist. Read More

9.0 Rental Market Tracker: Typical U.S. Asking Rent Surpassed $2,000

Asking rents were up over 30% in Cincinnati, Seattle, and Nashville and nearly 50% in Austin. The median monthly asking rent in the U.S. surpassed $2,000 for the first time in May, rising 15% year over year to a record high of $2,002. That’s on par with April’s annual increase of 15%, but a slowdown from March’s 17% gain. Read More

8.0 Disney fires TV content chief Peter Rice as board backs CEO Bob Chapek

Disney has abruptly fired Peter Rice, its most senior television content executive. Read More

8.0 Stocks sink as retailers earnings reinforce inflation fears : NPR

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