Reported layoffs at Morgan Stanley hit mortgage and wealth management units

Morgan Stanley’s reported layoff of about 3% of its workforce — roughly 2,500 employees — is affecting some staff working on mortgage origination services for wealth management clients. The bank is cutting positions across its estimated 83,000-employee global workforce due to shifts in business prio

Mortgage Interest Rates Today: Rates Rise to 6% as Iran War Stirs Inflation Fears

Mortgage rates ticked back up Thursday after falling below 6% for the first time in over three years just the week before, as fears of rising inflation related to the war in Iran rattled the market.  The average rate on 30-year fixed home loans rose to 6% for the week ending March 5, up from 5.98% t

Law Effectively Banning ‘Trigger Leads’ in Mortgage Applications Takes Effect

On March 5, 2026, the practical ban on mortgage industry trigger leads—signed into law in September 2025 with essentially unanimous support in Congress—has officially taken effect. This change is meant to ease one problem that homebuyers searching for a mortgage face.  Trigger leads are a practice w

Savannah Guthrie Returns Home to New York—and the ‘Today’ Studio—for the First Time Since Mom Nancy Went Missing

To see our latest updates on the Nancy Guthrie case, please click here. "Today" show host Savannah Guthrie has returned home to New York City for the first time since her 84-year-old mother, Nancy Guthrie, was reported missing from her Arizona property on Feb. 1. Savannah, 54, was pictured visiting