The daily 30-year fixed mortgage rate soared to 7.24% last week, adding yet another cost for homebuyers already facing the double whammy of high housing prices and inflation squeezing their wallets. Freddie Mac’s weekly average rate also climbed to 6.95%, putting borrowing costs at their highest level since January 2025. The increase comes as the
While Florida, California, and New York continue to undeniably be hot spots for wealth, one real estate CEO says there are more markets to watch out for. Ryan Serhant, CEO of his namesake firm and Owning Manhattan star, said high-net-worth clients continue to buy in the historically wealthy and luxury-oriented cities—but they’re also seeking secondary
Apple hosted its annual iPhone launch event on Wednesday, and something we didn’t see — along with base iPhone 18 models, as Apple focused purely on premium devices — was a second iteration of its lightweight iPhone Air. At just 5.6mm thick and weighing only 165 grams, last year’s $999 iPhone 17 Air gave buyers
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Tomek Wrzesinski has spent more than 20 years selling supersized boats to the uberwealthy, and he’s found one nearly foolproof way to get a client to bite. It starts with sending a cryptic weekend text message: “Maybe I have something for you. I just need to check if it’s still available. It’s an off-market offer.”
Gold investors are buying again, potentially adding fresh fuel to the metal’s rebound. Global gold-backed exchange-traded funds pulled in $3 billion in July, snapping two straight months of outflows, according to the World Gold Council last week. Holdings rose by 23 metric tons to 4,068 tons. “There are tentative signs that Western investment demand is
