Real Estate
HousingWire says mortgage rates are near 7%
Rate pressure is still the headline for housing, even as demand holds up.
HousingWire reports that mortgage rates move closer to 7% and that housing demand holds up ahead of the Fed meeting. That keeps the sector focused on financing costs rather than price action in homebuilder stocks alone.
The broader market does not offer a clean housing read today, but the rates backdrop is still the key input. The 10-year Treasury ends at 4.604%, down 0.8%, while the 5-year and 30-year also ease.
HousingWire also says brokers see rising mortgage rates derailing an early 2026 rebound, while Newrez posts a strong Q2 profit and eyes $65B in originations for 2026.
On the corporate side, loanDepot picks Miami for a new tech and fulfillment corporate center, another sign firms are still making long-term operating bets even with affordability pressures in the mix.