Mortgage rates rise, Rivian stock slumps on plans to raise $1.5 billion: Yahoo Finance Live

The average 30-year mortgage rate has risen to 7.49%, according to Freddie Mac. We’ll be discussing the rise in rates with Redfin CEO Glenn Kelman (RDFN) at 3:35 p.m. ET. Meanwhile, Rivian (RIVN) shares are being pummeled after the EV maker announced plans to raise $1.5 billion through a convertible note offering. Other trending tickers on Yahoo Finance include Coca-Cola (KO), BlackBerry (BB), and Lucid Group (LCID).

Top guests on Yahoo Finance Live today include:
3:05 p.m. ET - John Stoltzfus, Oppenheimer Asset Management Managing Director and Chief Investment Strategist
3:25 p.m. ET - Scott Devitt, Wedbush Securities Analyst
3:35 p.m. ET - Glenn Kelman, Redfin CEO
4:05 p.m. ET - Joseph Wang, Monetary Macro CIO
4:20 p.m. ET - Karin Kimbroug, LinkedIn Chief Economist

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