Home Lenders Are Sitting Out the Relief Rally -- WSJ

Dow Jones04-09

By Telis Demos

The surge in stock prices has so far left mortgage lenders stuck at home.

Shares of home-loan originators Rocket Cos., Mr. Cooper Group, Guild Holdings and loanDepot were all still trading lower as of late afternoon Wednesday, as was online real-estate brokerage Redfin. UWM Holdings was up, but by less than 1%. Overall, S&P 500 financial companies were up by over 7%.

This may be because longer-term bonds are so far not joining in the relief rally. Ten-year Treasury yields remain up around 0.04 percentage point on the day, at around 4.35%. Mortgage rates are closely tied to 5- or 10-year Treasurys.

Rising yields are dampening hopes for a rebound in mortgage refinancing, which would be driven by a drop in rates. Mortgage News Daily, a tracker of home-lending rates, showed 30-year fixed rates at 7.00%, according to its most recent daily update. That is below where it started the year at 7.07%, but hardly anyone's idea of a bargain.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 09, 2025 15:43 ET (19:43 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 09, 2025 15:43 ET (19:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526310666","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526310666","pubTimestamp":1744227780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The surge in stock prices has so far left mortgage lenders stuck at home.Shares of home-loan originators Rocket Cos., Mr. Cooper Group, Guild Holdings and loanDepot were all still trading lower as of late afternoon Wednesday, as was online real-estate brokerage Redfin. 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UWM Holdings was up, but by less than 1%. Overall, S&P 500 financial companies were up by over 7%. \n\n\n     This may be because longer-term bonds are so far not joining in the relief rally. Ten-year Treasury yields remain up around 0.04 percentage point on the day, at around 4.35%. Mortgage rates are closely tied to 5- or 10-year Treasurys. \n\n\n     Rising yields are dampening hopes for a rebound in mortgage refinancing, which would be driven by a drop in rates. Mortgage News Daily, a tracker of home-lending rates, showed 30-year fixed rates at 7.00%, according to its most recent daily update. That is below where it started the year at 7.07%, but hardly anyone's idea of a bargain. \n\n\n       This item is part of a Wall Street Journal live coverage event. 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