Fed Holds Rates Flat 231 Days While Mortgage Rates Climb

Macro
โดย Yahoo Finance·US·Read original
Summary · why it matters

The Federal Reserve has held its benchmark rate at 3.75% for 231 consecutive days, yet 30-year mortgage rates have risen from 5.98% in late February to 6.67% on the Freddie Mac survey for the week ending August 13, 2026. The 10-year Treasury yield, which drives mortgage pricing, sits at 4.72% in the 98.8th percentile of its 12-month range, while the 30-year touched 5.323% on Tuesday, a 19-year high. D.R. Horton's Q3 FY2026 net income fell 12% to $904.9 million, its cancellation rate climbed to 20% from 17% a year earlier, and management trimmed FY revenue guidance to $32.5 to $33.0 billion. loanDepot's stock is down 58.55% year to date at $0.86, while Annaly Capital Management rose 11.74% as its net interest spread widened to 1.16% from 0.66% year over year. PNC Financial Services jumped 24.69% year to date after repositioning its securities portfolio to a 4.4% weighted average yield.

Impact on stocks 7

Financials± Mixed · 3 stocks
Loandepot Inc
LDI
▼ NegativeMonetaryrelevance

Rising mortgage rates and Fed policy impact mortgage origination volumes, hurting loanDepot's business.

Consumer Discretionary▼ · 1 stocks
DR Horton Inc
DHI
▼ NegativeDemandrelevance

Higher mortgage rates reduce housing demand, leading to lower sales and cancellations.

Digital Finance & Tokenization▲ · 1 stocks
Others▲ · 2 stocks
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