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Here's your money briefing for Wednesday,

August 14th.

I'm Ariana Sputu for Wall Street Journal, filling in for J.R. Whelan.

Sharp stock market declines earlier this month led to a quick dip in mortgage rates. But some key

factors that influence the rates lenders offer aren't budgeting, meaning rates

could stay high. Mortgage rates have a few things kind of priced into them and people kind of got really

nervous at the beginning of last week about the economy and about the market.

That ebbed over the course of the week.

That meant that stock prices came back up,

Treasury yields came back up,

mortgage bonds came back up,

because what the bank is quoting you

as a mortgage rate is sort of based off of all that,

a lot of those daily measures

that we also check in on.

We saw those kind of going back up over the course of the week.

Wall Street Journal heard on the street columnist Tealous Demost joins me to talk about it. After the break. I'm Scarlett Johanson. My family relied on public assistance to help provide meals for us.

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