"Tech Layoffs and Stronger Economy Push Mortgage Rates Over 7% - Impact on Homebuyers"
Mortgage rates have surged, with the average 30-year fixed rate reaching 7.04% following a sharp increase after the strong January employment report; Port of New Orleans sees a return to pre-pandemic cruise numbers with nearly 1.2 million passengers in 2023; Snap Inc. is cutting about 10% of its global workforce, or approximately 530 employees, joining the trend of tech companies announcing layoffs.