Rising Rates Dampen Housing Market as Mortgages Hit 14-Year High and Home Sales Plummet

The 10-year Treasury yield is at its highest level since 2007, indicating higher borrowing costs for consumers.

Mortgage rates are approaching 8%, a level not seen since 2000, making homebuying more expensive.

Home sales dropped to their lowest level since the foreclosure crisis in September as high prices and rates deter buyers.

Median home prices hit a new record high of $394,300 in September, up 2.8% from a year ago.

Snapchat+ reached 5 million paying subscribers in just 15 months, proving users will pay for premium features despite Snapchat's youthful userbase.