poisar

Stocks · News reference

Three Stocks Most at Risk as Mortgage Rates Surge Past 7%

BenzingaCrispus Nyaga

US mortgage rates continued rising this month and are now at their highest level since January of last year. They have soared to 7.03%, much higher than this year's low of 5.98%.

Reference Details

Connected Markets

Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.

Source
benzinga
Observed
Checked
Cadence
Captured once, then retained as an archive reference
Status
fresh

Keep reading

  1. The Motley FoolJohnny Rice

    Why Opendoor Stock Jumped 13.8% Today

    Opendoor Technologies stock surged 13.8% following a Democratic sweep in the midterms, which boosted housing stocks. Lower oil prices and Treasury yields resulting from hopes for a quicker end to the Iran war pushed mortgage rates down, benefiting rate-sensitive housing companies. However, the author remains skeptical of Opendoor's long-term business model despite the rally.

  2. The Motley FoolJennifer Saibil

    Why Opendoor Stock Dropped 20% in October

    Opendoor Technologies stock fell 20% in October due to market concerns about rising interest rates and a weak housing market impacting the digital real estate company's ability to grow. While the company has shown operational improvements under new CEO Kaz Najatian—including increased home purchases and improved cost efficiency—quarterly results remain disappointing with a 44% revenue drop and expanded net losses. The stock is down 69% year-to-date and 95% from its high, with recovery dependent on interest rate declines or housing market improvement.