Tension grows in the housing market

Bad news first: Mortgage rates are topping 7% and, fittingly, mortgage applications are down. On the bright side, home prices aren’t completely frozen and listings are actually up. Question is, in this stuck housing market, when will things budge? Also in this episode: A running resurgence parallels popularity peaks in the aughts and ‘80s, Nashville-style hot chicken sees international success, and writer Robin Wigglesworth argues the bond market built the modern world in his new book, “A Fabulous Debt.”

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Read the stories in today’s episode:

• U.S. mortgage rates climb above 7% in another blow to housing market
• Bonds are like the “hidden wiring connecting the global economy”
• Why everyone is running all of a sudden
• Like weddings, concerts are now destination affairs
• The global appeal of Nashville hot chicken