Mortgage rates are on the rise. The average 30-year fixed mortgage rate rose to 6.88%, up from 6.82% last week. Mortgage News Daily is recording an even higher rate, 7.37%, which is up from 7.11% earlier this week. On Wall Street, one stock on the move is CarMax (KMX). The used car retailer reported disappointing fourth quarter earnings and is pushing back the date to reach a key sales target. Other trending tickers include Rivian Automotive (RIVN), Rent the Runway (RENT), and Alpine Immune Sciences (ALPN).
Top guests today include:
3:00 p.m. ET - Rick Rieder, BlackRock Global Fixed Income Chief Investment Officer
3:25 p.m. ET - Lorraine Hutchinson, Bank of America Managing Director, Retail Analyst
4:05 p.m. ET - Jeffrey Lacker, Former Richmond Fed President
4:15 p.m. ET - Logan Mohtashami, HousingWire Lead Analyst