Midterms Stock Shakeup, Mortgage Rates Surge and More of Today’s Top Money News
Written by
Gary Dudak
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Hello, everyone! We’re back again with a daily rundown of some of the top financial stories out there. However, if I’m being honest, the only story I really care about today is that the White Sox have a chance to advance to the ALCS. Let’s get it done! OK, here’s the news.
The Big Lead: How the 2026 Midterms Could Shake Up Your Stock Portfolio
With stocks falling worldwide today, it’s a good reminder that midterm election years have a rough reputation on Wall Street. Elections reshape the policies, regulation and legislation that drive markets. So it begs the question: How do you respond to the midterms without letting election noise override your long-term strategy? Find out here.
Housing Spotlight: Mortgage Rates Rise Again
The average interest rate for 30-year fixed-rate mortgages has increased yet again to 7.49%. That’s the highest level in nearly three years. Understandably, this has led to a drop in total mortgage applications and refinance demand. Read the full breakdown here.
That’s Interesting: What Americans Know About Residential Proxies
Millions of Americans may be sharing their internet connection through residential proxy networks without fully understanding the implications. According to a recent survey, 29% of consumers have installed an app offering rewards for “sharing bandwidth,” but just 9% can correctly identify what a residential proxy does. Read on to learn how well Americans understand bandwidth sharing.
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