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OTCQX:FMCC 16 March 2026 - 5 June 2026

Mortgage Rates Ease Some, Demand Remains Weak

Mortgage Rates Ease Some, Demand Remains Weak

Mortgage rates in the U.S. slipped this week from a nine-month peak, but the lower rates didn't drive a big jump in demand. The spring housing market remains stuck, with cheaper homes on offer but borrowing costs still keeping plenty of buyers out. 30-year fixed-rate mortgage drops to 6.48% from 6.53%, Freddie Mac reported June 4. Last year at this time, the average was 6.85%. “Affordability is marginally improving," said Freddie Mac Chief Economist Sam Khater. He pointed to rates holding in the mid-6% range and income gains running ahead of home prices.
5 June 2026
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Mortgage Rates Today: 30-Year Fixed Slips From Recent Highs as Treasury Yields Fall, Mortgage Stocks Split

Mortgage Rates Today: 30-Year Fixed Slips From Recent Highs as Treasury Yields Fall, Mortgage Stocks Split

Mortgage rates in the U.S. pulled back Monday, following last week's spike, as the top-tier 30-year fixed rate dropped to 6.36%, according to a daily industry tracker. That's a 5 basis point dip from Friday’s 6.41%. The 15-year fixed rate also edged down, landing at 5.95%. The retreat is notable, coming just as the housing market was showing some fresh life. February saw a 1.7% uptick in existing-home sales. Freddie Mac’s latest weekly read pegged the 30-year average at 6.11% on March 12. Builders say buyers remain sensitive—spring listings are up, and even minor rate shifts are drawing quick responses.
16 March 2026
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Stock Market Today

  • Concentrix Q2 EPS Comes In Light, Stock Down Nearly 40% for the Year
    June 29, 2026, 7:00 PM EDT. Concentrix (CNXC) posted Q2 earnings of $2.63 a share, a penny below the Zacks Consensus of $2.64. Revenue was $2.46 billion, a 0.43% miss versus estimates, but up from $2.42 billion last year. Concentrix has only topped earnings estimates once in the past four quarters. Shares have dropped about 39.9% since the start of the year, trailing the S&P 500, which is up 7.4%. CNXC has a Zacks Rank #3 (Hold) as earnings estimate revisions remain uneven. Analysts are looking for $3.18 EPS and $2.54 billion revenue next quarter; full-year revenue is forecast at $11.65 billion. The Business-Services group sits in the top 42% of Zacks sectors. Investors are focused on the company's earnings call for any update on guidance.
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