surging

Mortgage rates are surging, foiling homebuyers’ best-laid plans

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Surging mortgage rates are threatening to wash out the spring homebuying season. The rate on a conventional 30-year home loan rose to 6.46%, its highest level since September 2025, Freddie Mac said Thursday. Borrowing costs have jumped sharply in recent weeks after having dipped below 6% in late February. The Iran war is exerting further upward … Read more

Surging U.S. gas prices could erase bigger tax refunds, analysis finds

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Higher U.S. gasoline prices stemming from the Iran war could effectively wipe out the fatter tax refunds many Americans are expected to collect this year, a new analysis found.  Economists from the Stanford Institute for Economic Policy Research (SIEPR) estimate that the average U.S. household will spend an additional $740 on gas this year because of the jump … Read more

Chris Wright addresses concerns over surging energy prices

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IE 11 is not supported. For an optimal experience visit our site on another browser. Goats named Cosmo and Comet help kids learn how to read 00:46 Why gas prices have risen despite record U.S. oil production 01:48 Now Playing Chris Wright addresses concerns over surging energy prices 00:56 UP NEXT Energy secretary: Strait of … Read more

Stocks slump as Iran war sends oil prices surging above $100 a barrel

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U.S. stocks tumbled in early trading on Monday after oil prices topped $100 a barrel over the weekend and the war in Iran showed no signs of abating. The S&P 500 slid 88 points, or 1.3%, to 6,652 in early trading, while the Dow Jones Industrial Average plunged 632 points, or 1.3%, to 46,870. The … Read more

Dow plunges more than 1,000 points as surging oil prices renew inflation fears

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Stocks plunged Thursday, with the Dow Jones Industrial Average tumbling more than 1,000 points as oil prices jumped amid the war with Iran. Higher energy prices are sparking concerns on Wall Street that they could reignite U.S. inflation. The Dow tumbled 1,014 points, or 2.1%, as of 2:14 p.m. Eastern time. The broad-based S&P 500 … Read more