Markets

Mortgage rates increase slightly

The average rate for a 30-year fixed-rate mortgage rose this week to 6.78%, while the 15-year rate increased to 6.07%, remaining uncomfortably high for many would-be buyers.

Southwest ending its open seating policy

Southwest Airlines is getting rid of its open seating model for the first time in its history as it tries to boost profits. It did not specify when the changes would take effect.