Mortgage rates climb to a 23-year high, with 30-year fixed rate mortgages sitting at 7.31%. The chances of the U.S. government barrelling toward a shutdown are running even higher as both parties’ leadership struggle to agree upon a spending bill by the October 1 deadline. The United Auto Workers (UAW) union expresses willingness to compromise on its wage increase demands with Big Three automakers Ford (F), General Motors (GM), and Stellantis (STLA), after laying out plans to expand its strike for a second time on Friday, September 29. Yahoo Finance’s Julie Hyman and Josh Lipton highlight the top news headlines in the afternoon live from the New York Stock Exchange. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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