Rising mortgage rates cause pain, stock market swoon

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www.msnbc.com—Steve Rattner shows how rising interest rates are causing pain for Americans seeking mortgages and contributing significantly to the recent swoon in the stock market.

Tech stocks (and the stock market) are tanking thanks to rising interest rates. Tech stocks tanked today amid a broader stock market slide as nervous investors worried that the ten year bull run in public stocks may be coming to an end. The S&P 500 dropped 3.3 percent while Nasdaq composite index (which is the market where many of the largest U.S. tech companies are traded) lost 4% […]