America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways
Key takeaways
- (AP Photo/Richard Drew) MICHELLE CHAPMAN Sat, May 23, 2026 at 12:13 AM GMT+7 3 min read.
- Here’s a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you.
- The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’s traditionally the housing market’s busiest time of the year.
America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways 1 / 4 Financial Markets Wall Street Trader Robert Arciero works on the floor of the New York Stock Exchange, Friday, May 22, 2026. (AP Photo/Richard Drew) MICHELLE CHAPMAN Sat, May 23, 2026 at 12:13 AM GMT+7 3 min read. The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and that is impacting the decisions of both households and businesses.
Here’s a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you.
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’s traditionally the housing market’s busiest time of the year.