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Finance & Markets

Average 30-year mortgage rates hit 7.03% this week, the first time they have surpassed 7% since the beginning of last year

The effect of rates topping the psychologically important 7% level is rippling through the market for buyers, sellers and builders.

Average 30-year mortgage rates hit 7.03% this week, the first time they have surpassed 7% since the beginning of last year

We haven't written up this one. WSJ Economy has the full story — the link below goes straight to it.

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Citi and HSBC back IPID Series A

IPID, the payment intelligence company that helps institutions know who they are paying, has secured investment from Citi and HSBC as part of a $16 million Series A funding round.

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