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for sale and rental listings July 24th through June 2025. Number one trusted based on August

2025 proprietary survey among real estate professionals. Here's your midday brief for Thursday,

March 26th. I'm Alex O'Sillef for the Wall Street Journal.

The average Wall Street bonus rose 6% to a record high of nearly $250,000 following a bonanza

year for investment banking. But these estimates from the New York State Controller fell

well short of the city's expectations of an even bigger increase of 15%.

The payouts are a key source of tax revenue for the city, and New York mayor Zoran Mamdani

had been counting on Wall Street taxes as he faces a more than $5 billion budget shortfall.

Mortgage rates rose for the fourth straight week, hitting 6.38% and threatening to chill the start of the spring home buying season.

The war in Iran and jump in oil prices have raised expectations that the Federal Reserve will keep interest rates higher for longer.

Meanwhile, the Mortgage Bankers Association says home mortgage applications fell 5% last week.

And the Justice Department said it filed an antitrust lawsuit against the New York City Hospital System, New York Presbyterian.

The suit alleges that the hospital system used restrictions in its contracts with insurers to

limit price competition and block lower cost healthcare options. The DOJ has been focused on whether

...