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JPMorgan developing AI tool for financial advice

An application that JPMorgan Chase recently filed with the U.S. Patent and Trademark Office indicates the bank potentially has plans for an AI feature for choosing securities and assets.

Mortgage rates spike over economic uncertainty

New data shows that mortgage rates climbed to the highest level since mid-March as debt default concerns linger. The rate on the 30-year fixed mortgage rose to 6.57% this week.