 Average 30-year mortgage rates in the U.S. topped 6% for the first time since 2008. U.S. homes are also starting to sell below asking price, according to real estate analytics firm Redfin, providing further evidence that the U.S. housing market is cooling off after two years of elevated prices and sales activity. More: - Freddie Mac released data from mortgage lenders showing that the average 30-year fixed rate hit 6.02% this week.
- Last week's average was 5.89%, and the average rate a year prior was 2.86%.
- The median sales price for U.S. homes was more than $400,000 in July.
- Existing home sales fell every month between January and July 2022.
- Redfin reported that home touring activities have dropped 38% since January.
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Adobe has agreed to buy design platform Figma for $20B in cash and stock. The deal is expected to close in 2023, and Figma co-founder CEO Dylan Field will stay on as the company's leader. More: - Adobe's stock price was down as much as 15% following the announcement.
- The acquisition cost was criticized by David Wagner, a portfolio manager at Aptus Capital Advisors, which owns a 1.5% stake in Adobe.
- "It tends to not be a great sign when a company has to acquire to defend share. It's not a sustainable solution," Wagner said.
- Software designers use Figma's cloud-based collaboration tools to design and build web applications. Zoom, Airbnb, and Coinbase are among the companies that use its platform.
- As part of the agreement, either party will have to pay a $1B termination fee if they decide to abandon the deal.
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 A message from EYEO Get your free ticket to Ad-Filtering Dev Summit Join the free hybrid event in Amsterdam and online on 5 and 6 October 2022 alongside speakers from Meta, Opera, AdGuard, Mozilla, Google, eyeo and many more. You’ll learn about the future of ad filtering, from new technology like machine learning and VR/AR and embedded devices, to discussions on new privacy regulations and topics concerning the internet at large. Hear from industry professionals like: Get your free ticket to attend the event live in Amsterdam or online, on 5 and 6 October 2022. Register Here
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 Retired Army Brigadier General Donald Bolduc won the New Hampshire GOP Senate Primary on Wednesday. Bolduc, who has said he believes former President Trump won the 2020 election, will face Democratic incumbent Senator Maggie Hassan in November. More: - Bolduc was not formally endorsed by Trump, but Trump praised the candidate as a "strong... tough guy" on his Truth Social media platform after Bolduc won on Wednesday.
- Moderate Republican Governor Chris Sununu previously called Bolduc a conspiracy theorist and argued that Bolduc's rival, Hampshire state Senate President Chuck Morse, was more likely to beat Hassan.
- Bolduc responded by calling Sununu a "Chinese communist sympathizer."
- Some Democratic groups ran ads supporting Bolduc in the Republican primary in the belief that he will be the easier candidate for Hassan to beat in November.
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 GOOD NEWS: After former astronaut Vance Brand donated 40 acres of adjacent land to Rocky Mountain National Park in 2019, the land has officially been added to the park's borders. The land, which is on the park's eastern boundary, will be linked to the park's scenic trail network. More: - The Brand family met with park staff and officials from the Rocky Mountain Conservancy on Monday to celebrate the official addition of the land to the park.
- Brand said he decided to buy the land in 1967 because he had spent time hiking, climbing, and camping in the area when he was young.
- "Over time my family has developed an appreciation of the natural beauty of the land and have encouraged keeping it as it is," he added.
- Brand, who retired from NASA in 2008, flew in four space missions in 1975, 1982, 1984, and 1990.
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 The founder of the Wagner Group, a Russian mercenary company, was filmed recruiting prisoners to fight for Russia in Ukraine. The footage shows Yevgeniy Prigozhin telling Russian prisoners that their sentences would be commuted if they fought with his group for six months. More: - The offer is technically illegal under Russian law, which doesn't allow the commutation of prison sentences in exchange for mercenary services.
- The footage shows Prigozhin telling the prisoners: "if you arrive in Ukraine and decide it's not for you, we will execute you."
- He also told them that 40 inmates from a prison in St Petersburg were deployed to Ukraine in June.
- The BBC geolocated the footage to a prison in Mariy El, in the East European Plain of Russia.
- Prigozhin, a Putin ally, has denied links to the Wagner Group, but the footage shows him identifying the Wagner Group by name.
- Concord, a company owned by Prigozhin, did not deny the authenticity of the footage when asked by Russian media.
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 Roger Federer said he will retire from professional tennis after next week's Laver Cup in London. The Swiss player said he has decided to retire due to "injuries and surgeries" that have tested his ability to play professional tennis. He has undergone three knee surgeries since January 2020, More: - In a video message, the 41-year-old said:
- "I have played more than 1,500 matches over 24 years... The last 24 years on tour have been an incredible adventure... Finally, to the game of tennis: I love you and will never leave you."
- Federer has won 20 Grand Slam singles titles, and more than 100 titles in total.
- He won his first Grand Slam at Wimbledon in 2003, when he was 21 years old.
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- A stampede killed at least nine people at an outdoor concert at a music festival in Quetzaltenango, Guatemala.
- Migrants who were sent to Martha's Vineyard from Texas were reportedly told that they were being flown to Boston.
- Nearly 2,700 prisoners have been released since Mexican president Andres Manuel Lopez Obrador issued a 2021 decree ordering the release of torture victims, elderly or sick prisoners, and other people held without sentencing for more than the legal threshold of two years.
- Video platform Rumble is set to go public after shareholders in the SPAC that owns it voted to proceed with the proposed IPO.
*This is a sponsored post.
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 Unnamed piece by Atanas Matsoureff.
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UPCOMING EVENTS - September 14 - AMA with Brian Dean (Founder of Backlinko) (Register Here)
- September 21 - Hired's Navigating Market Uncertainty: The State of Tech Hiring Webinar (Register Here) *
- September 21 - AMA with Kristen Ruby (Founder of Ruby Media Group) (Register Here)
- September 22 - "Top 10 Overlooked VxWorks Features" with Brian Kuhl (Register Here) *
- September 28 - AMA with Leigh-Ann Buchanan (Founder of aīre ventures) (Register Here)
- October 05 - AMA with Ram Bartov (Chief Accounting Officer at TripActions)* (Register Here)
- October 11 - AMA with Mike Malone (Smallstep) (Register Here)
- October 12 - AMA with Bill Glenn (Executive Chairman at Crenshaw Associates) (Register Here)
- October 19 - AMA with Zecca Lehn (Responsibly VC) (Register Here)
- October 25 - Meet Our Fund 4, an Inside.com Summit (Register Here)
*This is a sponsored listing.
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 |  | Daniel Smith is an Inside Analyst who currently resides in Miami, Florida. A native of Brooklyn, New York, Daniel spent the last four years as a PhD candidate in Politics and International Studies at Cambridge University in the United Kingdom. He is fascinated by tech, business, politics, venture capital, and everything in between. When he’s not writing for Inside he can be found kicking a ball on the nearest rugby pitch. Follow him on Twitter @DanSmithInside. |  | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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