30-Year Mortgage Rates Hit 11-Month Low at 6.26%
Markets pulled back slightly after last week’s record highs, with futures down 0.3% as investors await inflation data and weigh government shutdown risks, while gold surged to a new all-time high above $3,760 an ounce. Bitcoin fell below $113K, dragging Coinbase, MicroStrategy, and Riot lower in a broader crypto selloff. The White House unveiled a proposed TikTok governance plan with Oracle oversight, an American-controlled board, and possible Murdoch family involvement, aiming to resolve national security concerns. Meanwhile, warehouse clubs like Costco and BJ’s are booming as inflation drives shoppers toward bulk savings, and Build-A-Bear is a surprise Wall Street winner with a 60% stock rally fueled by nostalgia and expansion. The White House clarified Trump’s new $100K H1B visa fee applies only to new applicants, not current holders, while mortgage rates dropped to 6.26%, their lowest in nearly a year, offering buyers some relief. And in entertainment, the box office stumbled as “Him” and “A Big Bold Beautiful Journey” both fell far short of expectations, underscoring Hollywood’s ongoing struggle to bring audiences back to theaters.
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