Today: 28 June 2026
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NYSE:PHM 29 December 2025 - 25 June 2026

Mortgage refi applications jump even as U.S. homebuyer demand stays soft, supply up

Mortgage refi applications jump even as U.S. homebuyer demand stays soft, supply up

New-home sales plunged 7.3% in May to a 580,000 annual rate as unsold supply hit 10.3 months, signaling sluggish demand that threatens builder margins at D.R. Horton, Lennar, PulteGroup, and Toll Brothers, while a 3% jump in refinance applications offered only limited relief for mortgage originators like Rocket Companies.
Netflix’s $25 Billion Buyback Looks Big. Microsoft’s $190 Billion AI Capex Bill Looks Bigger

Netflix’s $25 Billion Buyback Looks Big. Microsoft’s $190 Billion AI Capex Bill Looks Bigger

Netflix’s board approved an extra $25 billion in share buybacks after the company ended talks to buy Warner Bros Discovery assets and received a $2.8 billion breakup fee. On Tuesday, Netflix shares fell 2.3% to $88.89, while Microsoft dropped 0.8% and PulteGroup rose 2.6%. Microsoft plans $190 billion in AI and cloud spending this year. PulteGroup and Mobileye also expanded buybacks following stock declines.
Mortgage Rates Today: 30-Year Loan Holds Near 2026 Highs as Homebuilder Stocks Rebound

Mortgage Rates Today: 30-Year Loan Holds Near 2026 Highs as Homebuilder Stocks Rebound

U.S. 30-year fixed mortgage rates slipped to 6.49% Monday, down 0.04 percentage point, according to Mortgage News Daily, while Freddie Mac’s latest weekly survey held at 6.22%. New-home sales fell 17.6% in January to the lowest level since October 2022. Homebuilder stocks rose as oil prices dropped and bond yields eased after the U.S. postponed strikes on Iranian power plants.
Mortgage rates today drop below 6% — why housing stocks still can’t catch a break

Mortgage rates today drop below 6% — why housing stocks still can’t catch a break

Freddie Mac reported the average 30-year fixed mortgage rate fell to 5.98% this week, the first drop below 6% since 2022. Housing stocks slumped Wednesday, with Lennar down 4.9%, PulteGroup off 4.5%, and D.R. Horton losing 4%. The Nasdaq fell 1.5% Thursday as Nvidia shares declined. Mortgage News Daily’s daily index showed the 30-year rate steady at 6.00%.
Mortgage rates today tick lower as U.S. markets shut; homebuilder stock prices in focus ahead of Fed minutes

Mortgage rates today tick lower as U.S. markets shut; homebuilder stock prices in focus ahead of Fed minutes

U.S. mortgage rates fell, with Bankrate reporting the average 30-year fixed at 6.13% on Feb. 16, down 10 basis points from last week. Stock markets were closed Monday for Presidents Day and will reopen Tuesday. Mortgage applications were flat, with more borrowers choosing FHA loans and ARMs. Retail sales and Fed minutes later this week are expected to influence rates.
Champion Homes stock jumps 12% on earnings, buyback refresh — what to watch next

Champion Homes stock jumps 12% on earnings, buyback refresh — what to watch next

Champion Homes shares surged 12.3% to $85.36 after reporting a 1.8% sales increase and an expanded $150 million buyback authorization. Net income fell 11.7% to $54.3 million, while backlog dropped 15.1% to $266 million. U.S. home sales slipped 2.6%, but average selling price rose 4.6% to $99,300. Other housing stocks also gained during the session.
Mortgage rates today near 6% as Fed meeting kicks off; housing stocks mixed

Mortgage rates today near 6% as Fed meeting kicks off; housing stocks mixed

U.S. 30-year mortgage rates hovered near 6.1% early Tuesday, with Bankrate showing an average of 6.20% and Mortgage News Daily at 6.17%. The 10-year Treasury yield closed at 4.22%. Homebuilder shares slipped, with Lennar down 1.1% and the iShares U.S. Home Construction ETF off 0.6%. Investors await the Federal Reserve’s policy meeting for signals on future borrowing costs.
Mortgage rates today hold near 3-year lows as Fed meeting nears; homebuilder shares slip

Mortgage rates today hold near 3-year lows as Fed meeting nears; homebuilder shares slip

The average 30-year fixed mortgage rate holds near 6%, its lowest level in over three years, with Freddie Mac reporting 6.09% and Bankrate at 6.20%. Core PCE inflation remains above the Fed’s 2% target at 2.8%. Treasury yields and new inflation data are shaping rates ahead of the Federal Reserve’s meeting next week. Mortgage applications jumped 14.1% last week, according to the Mortgage Bankers Association.
D.R. Horton stock rises as KBW trims target — what Wall Street is watching next

D.R. Horton stock rises as KBW trims target — what Wall Street is watching next

D.R. Horton shares rose about 1% to $158.82 Monday afternoon, tracking gains in other major homebuilders. Keefe Bruyette & Woods cut its price target on the stock to $168 from $175 but kept a “Market Perform” rating. Investors are focused on D.R. Horton’s Jan. 20 earnings after the company warned that affordability pressures could keep sales incentives high in 2026.
Real Estate Stocks in focus: XLRE, REITs brace for CPI after Trump’s $200 billion mortgage-bond push

Real Estate Stocks in focus: XLRE, REITs brace for CPI after Trump’s $200 billion mortgage-bond push

U.S. housing stocks rallied Friday after the Trump administration launched a $200 billion mortgage-bond purchase program, with the Philadelphia Housing index jumping 4.8%. REIT-focused ETFs posted smaller gains. Treasury Secretary Scott Bessent said the first $3 billion in purchases has begun. Thirty-year mortgage rates remain near 6.2% as investors await Tuesday’s CPI report.
Tri Pointe Homes stock jumps nearly 9% as Trump mortgage-bond order lifts homebuilders; CPI next

Tri Pointe Homes stock jumps nearly 9% as Trump mortgage-bond order lifts homebuilders; CPI next

Tri Pointe Homes shares rose 8.7% to $35.42 Friday after President Trump announced a $200 billion federal purchase of mortgage bonds aimed at lowering rates. Other homebuilder stocks also climbed. RBC Capital lowered its price target for Tri Pointe to $31, citing affordability concerns. December CPI data is due Tuesday.
Tri Pointe Homes stock jumps nearly 9% as mortgage-bond move lifts homebuilders; CPI is next

Tri Pointe Homes stock jumps nearly 9% as mortgage-bond move lifts homebuilders; CPI is next

Tri Pointe Homes shares surged 8.7% to $35.42 Friday after President Trump ordered $200 billion in mortgage-backed securities purchases to lower mortgage rates. Other homebuilder stocks also rallied. Freddie Mac reported the average 30-year fixed mortgage at 6.16% this week. Traders await Tuesday’s U.S. CPI report for the next move in rates.
Lennar stock jumps nearly 9% on Trump’s $200 billion mortgage-bond push — what to watch next

Lennar stock jumps nearly 9% on Trump’s $200 billion mortgage-bond push — what to watch next

Lennar Corp surged 8.85% to $119.25 Friday, leading U.S. homebuilders higher after President Trump ordered $200 billion in mortgage bond purchases. Treasury Secretary Scott Bessent said the move aims to offset the Fed’s MBS roll-off. Analysts expect the plan to lower mortgage rates by 10–25 basis points. Wall Street questioned whether Fannie Mae and Freddie Mac will remain under government control.
JPMorgan slashes KB Home target to $50 as Wall Street flags weaker 2026 returns

JPMorgan slashes KB Home target to $50 as Wall Street flags weaker 2026 returns

JPMorgan cut its KB Home price target to $50 from $71 and lowered 2026 and 2027 earnings estimates after the company’s fiscal Q4 report. KB Home’s 2026 return on equity is projected at 6%, down from 11% in 2025. Shares fell 0.3% to $57.16 in morning trading. Fiscal Q4 earnings per share dropped to $1.92 from $2.52 a year earlier, with revenue down 15.5% to $1.69 billion.

Stock Market Today

  • US Community Banks Unite Against Stablecoin Regulation in Clarity Act
    June 28, 2026, 10:16 AM EDT. The Independent Community Bankers of America (ICBA), representing 4,000 local US banks, is campaigning against the Clarity Act, which impacts the regulation of stablecoins. Stablecoins are cryptocurrencies pegged to traditional assets like the US dollar and are used as a bridge between fiat currencies and crypto. The ICBA warns that incentives promoting stablecoin use could drain $1.3 trillion in deposits from community banks, risking $850 billion in loans to small businesses and farmers. ICBA President Rebeca Romero Rainey emphasizes community banks' critical role in funding over 60% of small business and 80% of agricultural loans, highlighting concerns over future loan funding. The campaign exposes a clash between rural America and crypto advocates, complicating Republican support ahead of US midterm elections.

Latest articles

Hecla Mining (NYSE:HL) heads into Monday after heavy volume and silver move

Hecla Mining (NYSE:HL) heads into Monday after heavy volume and silver move

28 June 2026
Hecla Mining surged 2.57% Friday on record volume driven by Russell index rebalancing, but still ended the week down 2.8% as silver prices at $58.78 per ounce remain 29% below Hecla’s Q1 realized price, raising concerns over margin repeatability as the stock faces its first session without index-flow noise on Monday.
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