On The Money — Mortgage rates at highest level since 2006  ...Middle East

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On The Money — Mortgage rates at highest level since 2006 
Mortgage rates are climbing and Americans aren’t buying. We’ll also look at OPEC’s decision to cut oil production, as well as the possible reasons behind this week’s stock market rebound.  But first, check out President Biden’s most recent hot mic moment.  Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Sylvan Lane and Karl Evers-Hillstrom. Someone forward you this newsletter? Subscribe here.  US mortgage rates hit 16-year high  Mortgage rates reached a 16-year high last week, further dampening demand from home buyers, according to data from the Mortgage Bankers Association (MBA) released Wedne

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