Mortgage rates on the 30-year fixed loan surged to 7.45% due to a sharp rise in bond yields, marking the highest level since February. This increase follows inflation concerns, Federal Reserve rate hikes, and stronger economic data, which have collectively pushed rates higher since early September. The rise in mortgage rates adds pressure to an already struggling housing market characterized by high prices, low consumer confidence, and limited affordable home supply. The afternoon bond selloff that drove rates even higher lacked a clear catalyst, reflecting market uncertainty.
The 30-year fixed mortgage rate surged to 7.45%, marking its highest level since February amid rising bond yields and economic concerns. For readers following the financial sector, here is Pluang's market snapshot as of Sep 25, 2026 04:31 WIB: out of 85 priced Financials-sector US stocks tradable on Pluang, 32 rose and 53 fell. Notable movers include LU (Lufax Holding Ltd) at USD 1.35 with a 1-day change of +11.07%, UPST (Upstart Holdings Inc) at USD 24.56 down -5.43%, and AFRM (Affirm Holdings Inc) at USD 71.54 up +5.07%.
Hershey is preparing to announce its Q3 earnings on October 29, with analysts forecasting earnings per share (EPS) of $2.12, a 63% increase from last year, and revenue of $3.25 billion, up 2.3%. The company has shown strong recent performance, with Q...
3M reported strong Q3 2026 earnings with adjusted EPS of $2.50, beating estimates of $2.38, and GAAP profit rising to $1.37 billion from $834 million a year earlier. Sales reached $6.6 billion, slightly below estimates, but showed 3.3% organic growth...
Alaska Air Group is set to report Q3 2026 earnings with analysts expecting a 66.7% drop in earnings per share to $0.35, despite a 14.5% increase in revenue to $4.31 billion driven by strong travel demand. Passenger revenue is forecast to rise 10.2%, ...
Baba, an applied AI company focused on modernizing Medicare and Medicaid care, has raised $40 million in a Series A funding round led by FirstMark Capital, with participation from CVS Health Ventures and others. The funding will help Baba expand its ...
Richard Campbell-Breeden, a seasoned investment banker with 37 years of experience including 27 years at Goldman Sachs, has joined SEDA Experts LLC as Managing Director. His expertise in mergers and acquisitions, corporate finance, and governance wil...
