In the ever-changing landscape of the housing market, mortgage rates are on the rise. According to recent reports, the average 30-year fixed mortgage rate has increased to 6.88%, up from 6.82% just last week. However, Mortgage News Daily has recorded an even higher rate of 7.37%, marking a significant jump from 7.11% earlier this week.

The surge in mortgage rates could potentially have an impact on homebuyers and the overall housing market. Higher rates mean increased costs for borrowers, leading to potentially lower purchasing power and slower home sales. As the cost of borrowing rises, it may become more challenging for prospective buyers to enter the housing market.

In other financial news, CarMax (KMX) has reported disappointing fourth-quarter earnings. The well-known used car retailer has also announced a delay in reaching a key sales target. These results have sparked concern among investors and caused CarMax's stock to undergo a significant decline on Wall Street.

Meanwhile, there are several other trending tickers catching investors' attention. Rivian Automotive (RIVN), a prominent electric vehicle manufacturer, is generating interest with its innovative products and strong market performance. Rent the Runway (RENT), a popular fashion rental service, is also gaining attention as consumers embrace the sharing economy. Finally, Alpine Immune Sciences (ALPN), a biotech company specializing in immunotherapy, is attracting investors with its cutting-edge medical advancements.

As the financial landscape continues to evolve, investors and consumers alike will be monitoring these developments closely. Rising mortgage rates and disappointing earnings for CarMax have added a level of uncertainty to the market. However, the potential of companies like Rivian Automotive, Rent the Runway, and Alpine Immune Sciences to disrupt their respective industries offers opportunities for those willing to accept the risks involved.

It remains to be seen how these recent events will impact the broader market, but as always, staying informed and monitoring the trends will be crucial for investors seeking to make sound financial decisions.