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The states with the cheapest 30-year new purchase mortgage rates Friday were New York, Florida, Colorado, Georgia, North Carolina, New Jersey, and Tennessee. The seven states registered averages between 7.03% and 7.12%.

Meanwhile, the states with the highest Friday rates were Alaska, Washington, D.C., North Dakota, West Virginia, Rhode Island, South Dakota, and Wyoming. The range of averages for these states was 7.19% to 7.25%.

Mortgage rates vary by the state where they originate. Different lenders operate in different regions, and rates can be influenced by state-level variations in credit score, average loan size, and regulations. Lenders also have varying risk management strategies that influence the rates they offer.

Since rates vary widely across lenders, it’s always smart to shop around for your best mortgage option and compare rates regularly, no matter the type of home loan you seek.

National Mortgage Rate Averages

Rates on 30-year new purchase mortgages have surged 44 basis points over the last five days, rising to a 7.14% national average. The last time rates were this high was May 2024.

Last month, in contrast, 30-year rates sank to 6.50%, their cheapest average of 2025. And back in September, 30-year rates plunged to a two-year low of 5.89%.

UBS downgraded Stellantis’ stock and slashed its price target for the Jeep and Chrysler parent nearly in half on Monday.

The Netherlands-based automaker will facer greater headwinds from U.S. tariffs than Detroit-based “Big Three” automakers Ford (F) and General Motors (GM), UBS analysts wrote. UBS downgraded the stock to “neutral” from “buy” and reduced its target price to 8.80 euros ($9.98) from 16.00 euros ($18.15).  

About 35% of Stellantis vehicles sold in the U.S. are imported, UBS said, and therefore subject to 25% import taxes. It estimates that annual car sales in the U.S. will fall about 9% due to tariffs.

“After several quarters of severe market share loss, Stellantis’ aggressive plan to regain market share in a likely shrinking US market … has now a lower likelihood of success,” analysts said, adding that “without the perspective of a successful US turnaround, a core element to our Buy thesis no longer exists.”

Stellantis shares slipped Monday morning but reversed course and recently traded up 3%. Still, they have lost about 30% of their value in 2025 and 65% over the past 12 months.

Sony (SONY) has raised PlayStation 5 prices in international markets including the Europe, Australia, and New Zealand, citing a “challenging economic environment, including high inflation and fluctuating exchange rates.”

The cost of a PS5 Digital Edition is now 429.99 pounds ($567) in the U.K. and 499.99 euros ($568) elsewhere in Europe, increases of 40 pounds and about 50 euros, respectively, the BBC reported. In Australia and New Zealand, the price of both PS5 Digital Edition and Standard PS5 with Ultra HD Blu-ray disc drive consoles increased.

Sony did not specifically address the Trump administration’s sweeping tariffs, which included an initial 24% import tax on goods from Sony’s home country of Japan when announced on April 2. That has since been paused and replaced with a 10% baseline tariff. Video-game consoles are also not currently subject to recently announced tariff exemptions for smartphones, computers, and semiconductors, according to industry tracker Eurogamer.

Sony did not immediately respond to an Investopedia request for comment on whether it plans to increase PS5 prices in the U.S. as well. U.S-listed shares rose 2.2% in recent trading and are up 40% over the past 12 months.

Shares of Intel (INTC) surged Monday morning after the chipmaker said it agreed to sell 51% of its programmable chip business Altera to private equity firm Silver Lake.

The deal values Altera at $8.75 billion, and will leave Intel with the remaining 49% ownership stake, the companies said Monday. Intel said that Raghib Hussain will be CEO of Altera, effective May 5, joining the company from his role as president of Products and Technologies at Marvell (MRVL).

“Today’s announcement reflects our commitment to sharpening our focus, lowering our expense structure and strengthening our balance sheet,” Intel CEO Lip-Bu Tan said.

The companies expect the deal to close in the second half of this year. Altera’s results will be removed from Intel’s quarterly consolidated financial statements once the deal is closed. The unit recorded revenue of $1.54 billion and adjusted operating income of $35 million in fiscal 2024.

The news follows speculation of a possible deal for a stake in Altera and other parts of Intel’s business earlier this year.

Intel shares were up about 6% in recent trading. The chipmaker is set to report first-quarter results after the market closes on April 24.

Pfizer (PFE) said it will stop development of an oral daily weight-loss pill after a participant taking the drug in a clinical trial experienced a liver injury.

The GLP-1 receptor agonist, danuglipron, was seen as Pfizer’s potential answer to popular weight-loss treatments like Novo Nordisk’s (NVO) Ozempic and Wegovy and Eli Lilly’s (LLY) Zepbound and Mounjaro, which are injected weekly. U.S.-listed shares of Novo Nordisk rose 2.6% and Lilly stock gained about 1.6% in recent trading, while Pfizer shares were 0.7% higher. 

Danuglipron “met key pharmacokinetic objectives” in a Phase 3 trial but one patient “experienced potential drug-induced liver injury,” Pfizer said, adding that the injury “resolved” after treatment was discontinued.

Pfizer Chief Scientific Officer Chris Boshoff said the company would continue to develop an “oral GIPR antagonist candidate and other earlier obesity programs.”

Pfizer shares are down about 17% since the start of the year. The drugmaker plans to report its first-quarter earnings on April 29.

Thinking of retiring means thinking about how much money you’ll need to retire comfortably, and a new study shows what Americans believe is the answer.

Americans think the “magic number” to retire is $1.26 million saved, according to new research from Northwestern Mutual. The majority of people said they don’t think they will feel financially prepared when the time comes. This year’s number is $200,000 less than the $1.46 million reported last year and about flat with estimates from 2022 and 2023.

However, about a quarter of Americans who have retirement savings said they have just one year or less of their current income saved for retirement. And more than half of Americans think it’s likely that they will outlive their savings, according to Northwestern Mutual.

With retirement depending on so many factors—how much your annual salary and living expenses are, what your assets add up to, when you’ll retire and inflation—it can be tricky to plan and save for the unknown. As a rule of thumb, Fidelity Investments suggests saving 10 times your annual salary by the time you are 67. If you plan to retire before or after then, the numbers fluctuate, but the financial services company suggests starting early and having one time your annual salary saved by age 30.

However, Northwestern Mutual’s data shows that about half of Gen X (currently 45-60 years old) say they have no more than three times their current annual income saved, and the majority also say they will need to work into retirement for additional income.

There is an upside, though, as Americans report they are saving sooner, planning to retire earlier, and expecting to live longer than the previous generation. More than 60% of Gen Z feel like they will be financially prepared when it comes time to retire, a higher portion than Gen X and millennials.

Apple (AAPL), Dell Technologies (DELL), and other tech stocks surged in premarket trading Monday, after President Donald Trump imposed a pause on import tariffs on many electronic goods.

Smartphones, computers, and semiconductors have been exempted from Trump’s “reciprocal” tariffs, according to updated guidance from the U.S. Customs and Border Protection Friday, although Commerce Secretary Howard Lutnick on Sunday suggested the carve-out would be temporary.

JPMorgan analysts said the exemption would be “a big relief” for Apple, which makes most of its devices in China. They said they expect Apple “to significantly accelerate its diversification plans, including an initial focus on the assembly footprint.” India now makes up around 15% of iPhone production, with Vietnam representing “a significant manufacturing center for Airpods and Watch, while still ramping on iPads and Macs,” they said.

Apple shares were up over 6% in premarket trading Monday, after leading Magnificent Stocks higher in Friday’s session. They are, however, down by more than a fifth so far this year through Friday’s close.

Laptop maker Dell, which makes most of its products outside the U.S., saw its shares jump 7% in premarket trading Monday. JPMorgan analysts said in a separate note on retailer Best Buy (BBY), that they believe the pause in consumer electronics tariffs “is a clear indication of the importance of the products to the US consumer and the weight of large US companies” like Dell, Apple, and others.

Shares of chipmakers including Nvidia (NVDA), Intel (INTC), Qualcomm (QCOM), and Broadcom (AVGO), gained as well.

U.S. stock futures are rising as investors parsed the latest developments on tariffs, which include exemptions on computers, smartphones, and semiconductors; Commerce Secretary Howard Lutnick says the exemptions may be only temporary; Apple (AAPL), Dell (DELL), and Nvidia (NVDA) shares are surging on the tariffs exemption news; Goldman Sachs (GS) stock is rising after the bank reported first-quarter results that mostly topped estimates; and gold (XAUUSD) is in focus after hitting record highs amid tariff uncertainty. Here’s what investors need to know today.

1. US Stock Futures Jump as Investors Digest Tariff Exemptions

U.S. stock futures are rising as investors review the implications of a White House tariffs exemption on some electronics and prepare for earnings this week from big financial and tech firms.  Nasdaq futures are 1.5% higher after a week in which the tech-heavy index surged 7.3% for its best weekly gain since 2022. S&P 500 futures are up 1.3% and Dow Jones Industrial Average futures are about 1% higher after the indexes posted weekly gains of 5.7% and 5%, respectively. Bitcoin (BTCUSD) is trading higher at more than $84,500. Yields on the 10-year Treasury note are down at around 4.45%. Oil futures are up more than 1%.

2. US Exempts Smartphones, Computers, Chips From Tariffs

The U.S. laid out tariff exemptions on smartphones, computers, and semiconductors, though a top U.S. official said that they could be temporary. After President Donald Trump hinted at tariff exemptions in comments late Friday, the U.S. Customs and Border Protection followed up with guidance that laid out the specific electronic items exempt from Trump’s  “reciprocal” tariffs. On Sunday, Commerce Secretary Howard Lutnick said on ABC News’ “This Week” that the exemptions could be temporary. “They’re exempt from the reciprocal tariffs but they’re included in the semiconductor tariffs, which are coming in probably a month or two. So, these are coming soon,” Lutnick said.

3. Apple, Dell, Nvidia Stocks Rise on Tech Tariff Exemptions

Shares of U.S. tech companies are moving higher in premarket trading on the news that several electronic devices and components would be exempt from tariffs on foreign trading partners. Shares of Apple (AAPL)—which makes roughly 90% of its products in China—are nearly 6% higher after surging last week, and those of computer maker Dell (DELL) are up by a similar percentage. Chipmaker Nvidia (NVDA) stock is moving higher by 3%. Stock markets in Europe and Asia also rose on news of the tariffs exemptions.

4. Goldman Sachs Stock Rises After Q1 Results Mostly Top Estimates

Goldman Sachs (GS) shares are rising 3% in premarket trading after the bank reported first-quarter results above expectations. The firm reported earnings per share (EPS) of $14.12 on revenue of $15.06 billion, while analysts surveyed by Visible Alpha expected $12.33 and $14.78 billion, respectively, although net interest income of $2.90 billion came up short of projections. “While we are entering the second quarter with a markedly different operating environment than earlier this year, we remain confident in our ability to continue to support our clients,” Goldman Sachs CEO David Solomon said.

5. Gold in Focus After Hitting Record Highs as Investors Seek Safe Havens

Investors are watching prices of gold (XAUUSD) as the precious metal continues to hit record highs. Gold futures are down slightly early Monday but still trading above $3,200 an ounce after it gained 6% last week, helping push the yellow metal to gains of around 23% year-to-date. Investors have flocked to the safe-haven asset as concerns about an intensifying global trade war continue to place downward pressure on the dollar and Treasury bonds amid diminishing faith in the U.S. as a reliable trading partner.

As Americans juggle the rising cost of living, the decline of pensions, longer lifespans, and other complex factors, median retirement savings stand at only $82,000—far below the $1.5 million that Americans believe is enough to retire comfortably.

Taking the time to improve your longevity literacy can be worth the effort—it could help you get your retirement on track. Here’s what you need to know.

What Is Longevity Literacy?

Longevity literacy is knowing how long you’re likely to live, particularly in relation to retirement planning. It includes knowing not just life expectancy averages but also the likelihood of living past certain ages and the financial implications of an increased lifespan for your quality of life in retirement.

Some experts believe that those with low longevity literacy tend to be less financially secure than they might think. In fact, a 2023 TIAA Institute survey found that most American adults have poor longevity literacy—meaning they couldn’t tell you the life expectancy of a 60-year-old in the U.S.

The TIAA Institute says its mortality tables factor in a tendency toward longer life expectancy due to factors such as education level, type of work a person did, the amount they made, and their access to medical care. According to their data, they assume a 67-year-old will live, on average, another 23 years, with a 25% chance of living 28 years and a 10% chance of making it all the way to age 100. That means saving more for retirement than many people do.

Tips for Building Savings That Outlive You

To answer the question of how long you’re going to live, you can use a life expectancy calculator, like the one provided by the Social Security administration. Simply enter your sex and date of birth, and you’ll learn how many years, on average, you have left, and the age you’ll be when you die. This information, while a bit morbid, is crucial for retirement planning. But be aware it may underestimate your number based on all the same factors that TIAA takes into account.

Knowing your number will help you build financial resilience and cultivate a stronger quality of life. 

“The years you spend planning for and living in retirement are two fundamentally different seasons of your life—and can be equally long,” says Michael Kuplic, CRPC, a financial advisor at Ameriprise.

The following tips can help you build a healthy nest egg and be better prepared for the number of years you’ll be in retirement.

1. Increase Your Retirement Savings

While it’s easier said than done, contributing more to your savings account will help bridge the gap between your targeted amount and the actual outcome. To do so, it’s important to set up a plan based on how you would like to live in retirement. 

“While having enough money for retirement is important, it is also imperative to ask yourself, What am I retiring to?”, Kuplic says. “Knowing what you truly want and need out of retirement is the first step in designing a specific plan to turn those wishes into action.”

Auto-enrollment plans are another avenue for building your retirement savings. You can structure these so that contribution amounts auto-escalate over time. As a general rule of thumb, try to contribute at least 15% of your paycheck. At minimum, contribute enough to qualify for your employer’s matching contribution.

2. Consider Working Longer

Working for longer is a great way to build financial stability in retirement. You might expand your skillset, move into a consultant-type role, or take on part-time opportunities.

According to a study from the Pew Research Center, about one in five (nearly 20%) of American workers are 65 or older. That’s nearly double what it was three decades ago. And those age 65 and older report greater job satisfaction compared to younger generations.

3. Invest Based on Your Life Stage

Making the most out of your retirement savings involves adjusting your investment strategy based on your life stage. 

“These two phases have fundamentally different goals, risks, and complexities, often needing separate investing and financial planning strategies,” Kuplic says.

Equities historically offer higher returns than bonds. You can afford to place more of your diversified portfolio in stocks when you’re younger. As you age, you’ll need to shift the mix toward bonds. For example, short-term bonds can provide an income stream in retirement. 

It may be a good idea to consult a financial professional to guide you.

The Bottom Line

As lifespans grow longer, the average expected retirement age among people who haven’t retired yet is rising. In 2022, it was 66 years old (compared to 60 years old in 1995), according to a Gallup poll. By contributing more to your retirement account(s), working longer, and investing based on your life stage, you can improve your chances of success during your retirement years.

Global stocks are rallying Monday after President Donald Trump temporarily exempted smartphones, computers, and semiconductors from his “reciprocal” tariffs.

The reprieve for consumer electronics imports, many of which come from China, is driving shares higher. Dow Jones Industrial Average and S&P 500 futures are up roughly 1%, and Nasdaq futures are 1.3% higher. Magnificent Seven stocks are rising, with shares of Apple (AAPL) jumping 5% in premarket trading, extending Friday’s gains.

Overseas, the Stoxx Europe 600 index is rising 2%, the Nikkei closed up 1.2%, and Hong Kong’s Hang Seng finished 2.4% higher.

China called the tariff pause “a small step for the U.S. side to correct its wrong practice of unilateral ‘reciprocal tariffs,'” according to a statement from the state-owned Xinhua News Agency.

Following recent surges, the yield on 10-year Treasuries is pulling back at 4.44%. Still, analysts said investors remain worried about holding assets based on the U.S. dollar, which is down against major currencies Monday.  MUFG said in a note that “uncertainty over China’s appetite for (U.S. Treasury) bonds is likely also playing a role in worsening investor confidence in US assets.” China is one of the biggest holders of Treasurys.