If you're looking for a house to purchase or a place to rent, you're probably feeling squeezed. Mortgage rates have hit seven percent - and a new study shows that renters across the economic spectrum are having trouble paying rent.

The average rate on a 30-year mortgage in the United States jumped to 7.03 percent, putting pressure on housing affordability.

Mortgage rates climbed over 7% Thursday as the United States moves deeper into an affordability crisis, with the economy top of mind for millions of voters heading to the polls in November.

Mortgage rates reached a grim milestone this week, topping 7% for the first time since January 2025 and reaching their highest level during either of Donald Trump’s presidential terms. The average 30-year fixed mortgage rate climbed to 7.

Oil fell Friday, following a report that U.S. and Iranian negotiators are discussing a phased deal to end the standoff in the Persian Gulf.

Oil prices declined on Friday as markets assessed reports that the United States and Iran were discussing a phased arrangement that could involve reopening the Strait of Hormuz. At 04:02 ET, November Brent crude futures were down 0.

Oil prices fall on hopes of a deal to reopen the Strait of Hormuz. Wall Street and tech titans join Donald Trump’s state dinner for Xi Jinping. And our Deep Dive looks at how some investors are giving blood to get access to higher returns.

Oil prices rose amid renewed Middle East escalation concerns after Saudi Arabia said it intercepted six ballistic missiles launched at the kingdom, while U.S.-Iran talks showed little sign of progress.

President Donald Trump is weighing a diesel export ban to calm soaring fuel costs. Still, America’s most influential business lobbies say the idea would backfire badly and leave consumers paying more

Trump’s proposed diesel export ban could cut refinery output, raise gasoline and jet fuel prices, and undermine his energy dominance agenda.

LaRocco Consulting President Lori Ann LaRocco joins Making Money to discuss the potential impact of a diesel export ban, examining how it could affect domestic fuel prices and supply chains and U.S. energy policy on 'Making Money.

It would inevitably drive prices higher by constricting supply.