FeesSafety
Pluang+

Mortgage rates drop to 7.37%, boosting home purchase applications but refinance remains low.

Market News
28 Oct 2026, 14:00 WIB
CNBC
View Source
Neutral
Mortgage rates drop to 7.37%, boosting home purchase applications but refinance remains low.

Mortgage rates for 30-year fixed loans fell to 7.37%, down from 7.41%, leading to a 4% rise in home purchase applications compared to the previous week. However, applications remain 18% lower than last year, and refinance requests are still 61% below last year's levels due to many homeowners holding lower-rate mortgages. Adjustable-rate mortgage (ARM) applications increased to 11.3%, the highest in over a year, as borrowers seek lower initial rates despite higher risk. Rates are stable currently, with market attention on upcoming Federal Reserve commentary for future moves.

Mortgage rates and borrower behavior provide context for readers following financial markets. For readers following financial stocks on Pluang, as of Oct 28, 2026 17:31 WIB, breadth among 142 priced Financials-sector US stocks showed 64 rising and 67 falling. Notable movers included Deutsche Bank AG (DB) with a price of USD 33.24, up 3.49% but with 100% sell order activity and a typical hold time of 81 days; TeraWulf Inc (WULF) at USD 13.05, up 3.08% with 60% buy order activity and a 20-day hold time; and Bit Digital Inc (BTBT) at USD 0.94, up 2.72% with 57% buy order activity and a 14-day hold time.

More News

Sampo to release Q3 2026 results on Nov 4 with a live investor call.

Sampo to release Q3 2026 results on Nov 4 with a live investor call.

Sampo Oyj will publish its financial results for the first nine months of 2026 on November 4, 2026, at around 8:30 AM. Alongside the report, supplementary presentation materials will be available on their website. An investor conference call will be ...

Company Fundamentals
Neutral
26 minutes ago
Alvotech to report Q3 2026 financial results on Nov 11 with live webcast presentation.

Alvotech to report Q3 2026 financial results on Nov 11 with live webcast presentation.

Alvotech, a global biotech company specializing in biosimilars, will release its financial results for the first nine months of 2026 on November 11 after U.S. market close. A live webcast presentation is scheduled for November 12 at noon, where manag...

Company Fundamentals
Neutral
26 minutes ago
Alvotech to release Q3 2026 financial results on November 11 with a webcast Q&A on November 12

Alvotech to release Q3 2026 financial results on November 11 with a webcast Q&A on November 12

Alvotech, a global biotech company specializing in biosimilars, announced it will report its financial results for the nine months and third quarter ending September 30, 2026, on November 11 after U.S. market close. The company will host a webcast wi...

Company Fundamentals
Neutral
26 minutes ago
Stella-Jones executives to present at RBC Capital Markets 2026 Global Industrials Conference

Stella-Jones executives to present at RBC Capital Markets 2026 Global Industrials Conference

Stella-Jones Inc. announced that its CEO Eric Vachon and CFO Silvana Travaglini will participate in the RBC Capital Markets 2026 Global Industrials Conference in New York on November 16, 2026. The company will hold meetings with institutional investo...

Market News
Neutral
1 hour ago
Xunce launches TokenRouters, a platform for AI token exchange and enterprise model optimization.

Xunce launches TokenRouters, a platform for AI token exchange and enterprise model optimization.

Xunce has launched TokenRouters, a platform designed as a one-stop hub for exchanging AI data and specialized tokens to optimize enterprise AI models. The platform addresses the challenge of matching AI resources by integrating datasets, models, appl...

Others
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App