99% of borrowers have a mortgage rate lower than 6%

There’s a specter haunting the housing market: the ghost of last year’s mortgage rates. The average 30-year fixed mortgage rate hit 7.10% on Thursday, the highest reading since November of last year. Higher mortgage rates triggered a drop in demand.…

Swiss case accuses bankers of hiding Putin’s wealth

No one knows how wealthy Vladimir Putin is, but a new case in Switzerland might start to unravel the ways Russia’s president stores his alleged fortune. The Swiss government is bringing charges of criminal negligence against four Swiss-based executives at…