Mortgage rates

The post-election spike in the 10-year Treasury yield could translate to higher rates for the 30-year fixed rate mortgage in the short term.

Experts anticipate a pullback in regulatory action and some potential pain for home builders but long-term interest rate impacts are a major question mark.

Yields on both 10-year and 2-year Treasurys moved significantly higher after the Trump election victory and that's bad news for mortgage rates going forward.

The incentive, meant to ramp up activity in Rocket's broker channel, is valid from Nov. 5 to Nov. 17.

Mortgage rates rose for the fifth consecutive week, to their highest level since August, although they remain more than a full percentage point lower than one year ago.

Despite the increase, the index level remains historically low, going back more than two decades as many prospective buyers still await a decline in mortgage rates.

August's Corelogic S&P Case-Shiller Home Price Index was down 0.13% versus July, affected by tougher housing markets in the South and West.

Homebuilder stocks are tumbling Tuesday, down as much as 7.8%, after D.R. Horton delivered a 2025 revenue forecast that failed to meet Wall Street's expectations.

Mortgage bonds get hit hard when there's growing uncertainty about the direction of rates, due to the election, because their returns depend so much on it.

A trade group's estimates point to another quarter of profitability in housing finance, but originations have limits and loan performance is under pressure.