New applications along with refinancing for mortgages dropped from a year ago as rates continued to climb.

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Mental Health Platform Real Announces Funding Round of $37 Million, Newly Appointed Adviser Megan Rapinoe
Mental health platform Real recently raised $37 million in a Series B round led by Owl Ventures. Through its mobile app, Real says it provides mental health care at a lower cost than traditional therapy and aims to make mental wellness a part of everyone's daily routine. The company also announced that U.S. soccer star Megan Rapinoe will serve as an adviser to the company. Ariela Safira, Founder & CEO of Real, joins Cheddar News' Closing Bell to discuss.
Former Player Wale Ogunleye on His Picks for the 2022 NFL Draft
It’s NFL draft night! A former defensive end for the Dolphins, Bears, and Texans Wale Ogunleye joined Cheddar News to talk about which rookies-to-be the NFL teams will be picking and also discuss the impact of the pandemic on the incoming players. "I do think having the ability to stay at school maybe a year or two longer, and it may be getting your adulthood going, it might help out a lot, but again, it's a different animal in that locker room," he said. Ogunleye, who also heads sports and entertainment at the financial firm UBS, also talked about providing financial literacy education and advice for young athletes.
Overstock CEO Says E-Commerce Here to Stay Despite Q1 Earnings Miss
Overstock.com CEO Jonathan Johnson joined Cheddar News to discuss the company's Q1 earnings miss as the internet retailer saw a 19 percent drop in sales since 2019. "Consumer sentiment got pretty soft. Despite that we were able to manage expenses, make money beat on the bottom line," he said regarding headwinds like inflation, gas prices, and the war in Ukraine. "But I think, look, e-commerce is here to stay. It's here to stay for the home space."
Women-Led 21Seeds Tequila Shares Success Story, Cinco de Mayo Drinks
The all-women founders of the infused tequila brand 21Seeds Kat Hantas, Sarika Singh, and Nicole Emmanuel joined Cheddar News to talk about the recent acquisition of their company by the alcoholic beverage giant Diageo, gaining "world domination" in the tequila market, and enhancing Cinco de Mayo cocktails with their product. "If you want to lighten it up and you're looking for an RTD alternative, like one of those ready to drink alternatives, you can make that at home," said Hantas.
Need2Know: Musk Mocks Twitter Employee, George Floyd Probe & Drought
Catching you up on what you need to know on April 28, 2022, with Elon Musk mocking Twitter's top legal exec Vijaya Gadde on the platform itself, a probe in George Floyd's death finding discrimination within the Minneapolis police force, the latest California drought leading to new water restrictions, and more.
Ford Reports Q1 Beat; CFO Says Chip Shortage Prevented 'Stronger Quarter'
Ford CFO John Lawler joined Cheddar News to talk about the auto giant's Q1 earnings report that beat on revenue and EPS. Despite the good numbers, Lawler spoke to challenges Ford had to navigate. "We also see the continued disruption to the supply chain impacting our production, and that hit us in the first quarter as well. So it kept us from having an even stronger quarter," he said. Lawler noted that chip shortages leading to the supply constraints should ease up throughout the year.
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