• Associated Press Finance

    Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers

    The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a stubbornly low inventory of properties on the market this spring homebuying season. The average rate on a 30-year mortgage slipped to 6.79% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. A year ago it averaged 5.56%, Freddie Mac said.

  • Associated Press Finance

    The Bankman-Fried verdict, explained

    Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world's second most popular place to trade digital currency. Prosecutors soon charged Bankman-Fried with misappropriating billions of dollars in FTX customer deposits. FTX had two lines of business: a brokerage where customers could deposit, buy, and sell cryptocurrency assets on the FTX platform, and an affiliated hedge fund known as Alameda Research, which took speculative positions in cryptocurrency investments.

  • People

    Jillian Michaels Is Finally Pain-Free 2 Years After Freak Accident and Spinal Injury: 'I Made Mistakes' (Exclusive)

    The fitness trainer and wellness expert tells PEOPLE that she's made a "full recovery" since fracturing part of her spine in 2022