Springtime home shoppers may be feeling the impact of an intensifying trade war. The average rate on a standard, 30-year fixed mortgage was 6.83% in the week ending April 17, up from 6.62% a week ago, mortgage financing provider Freddie Mac said Thursday. That’s the largest one-week jump in mortgage rates in nearly a year.

Mortgage rates in the US rose for the first time in four weeks, posting the biggest weekly jump since April 2024.

The average rate on the 30-year fixed mortgage rose this week, according to the latest Freddie Mac data. Here's what to know.

Removing the chair of the central bank would have severe consequences for markets and the economy, strategists warn.

President Trump is considering firing Federal Reserve Chairman Jerome Powell due to high interest rates, which Powell has maintained to stabilize the economy. Join Scripps News national correspondent Nate Reed as he discusses potential market reactions and the implications of such a decision.

U.S. President Donald Trump has a problem he just can’t shake: getting himself into hot water all the time. Trump has long made clear that he doesn’t respect most traditional norms of government, and one of them is the historical independence of the Federal Reserve.