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Dr Horton Inc
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DHI News24 articles
Mortgage Rates Hit Yearly High as Treasury Yields Take Center Stage
Freddie Mac reported the average 30-year mortgage rate rose to 6.69%, the highest in a year, as Treasury yields become the primary driver for housing investors.
Mortgage Rates Hit One-Year High as Treasury Yields Dominate Investor Focus
U.S. mortgage rates hit a one-year high at 6.66%, with Treasury yields driving the move. Housing stocks declined as loan applications fell sharply.
Berkshire Completes Taylor Morrison Buyout at a Discount to Peers
Berkshire Hathaway completed its $72.50-per-share cash acquisition of Taylor Morrison on July 24, a price that sits nearly 19% below the sector's median valuation.
Berkshire Hathaway Finalizes Taylor Morrison Acquisition at Discounted Multiple
Berkshire Hathaway has closed its $6.8B all-cash acquisition of Taylor Morrison at a trailing P/E of 10.8x, significantly below peers.
Berkshire Hathaway Finalizes $6.8B Taylor Morrison Buyout, Shares Halted
Berkshire Hathaway has completed its $6.8B acquisition of Taylor Morrison, paying $72.50 per share. Shares are halted ahead of NYSE delisting on August 3.
Berkshire Closes $6.8B Taylor Morrison Buyout; Trading Halted
Berkshire Hathaway finalized its $6.8 billion all-cash takeover of Taylor Morrison. Shareholders receive $72.50 per share, with trading halted after Friday's close.
Mortgage Rate Surge Squeezes Homebuilder Margins as 7% Looms
Daily U.S. mortgage rates climbed to 6.85%, the highest in 13 months, widening the spread with Freddie Mac's weekly average and signaling fresh margin pressure on homebuilders.
Mortgage Rate Dip Fails to Unlock Refinance Market as Spreads Remain Wide
Freddie Mac reports the 30-year fixed mortgage rate at 6.43%, the lowest in seven weeks, but refinance demand remains tepid due to a 194-basis-point spread over the 10-year Treasury.
Mortgage Rates Remain Near Lows, Refi Savings Elusive
Mortgage rates are near recent lows, but the gap between quoted and actual rates keeps refinancing out of reach for most homeowners. Housing construction spending also declined.
Refi Activity Rises as New Home Sales Slump, Inventory Swells
Refinance applications rose 3% last week, but purchase demand weakened as new home sales plunged 7.3% in May, leaving builders with a 10.3-month supply.
Toll Brothers Stock Gains After Earnings Beat, But Luxury Housing Faces Headwinds
Toll Brothers shares climbed 2.7% in after-hours trading after the luxury homebuilder reported quarterly earnings and revenue above Wall Street forecasts, though profits fell from a year ago.
US Mortgage Rates Slip to 6.30%, Sparking Spring Buyer Surge; Bay Area Prices Top $2M
Mortgage rates dropped to 6.30%, boosting purchase applications 10% and pending home sales 1.5%. Bay Area prices stay above $2 million.
Mortgage Rates Hold Near Recent Lows, Yet Spring Housing Demand Remains Subdued
Mortgage rates stabilized near recent lows, sparking a 5.1% weekly jump in refinance applications. However, purchase demand dipped 1% as builder confidence fell to a seven-month low amid economic uncertainty.
Mortgage Rates Hover Near Multi-Year Highs as Housing Data Sours
Mortgage rates held near recent peaks on Monday, with the 30-year fixed rate at 6.49%. New home sales tumbled 17.6% in January to the lowest level since late 2022.
Mortgage Rates Surge Past 6.5% as Bond Selloff Rattles Housing Market
Mortgage rates climbed above 6.5% Friday, reaching a multi-month high as Treasury yields surged. The jump pressured housing stocks and caused a sharp drop in mortgage applications.
Mortgage Rates Hit 6.22%, Housing Market Stumbles as Spring Season Begins
The average 30-year fixed mortgage rate climbed to 6.22% this week, the highest level since December. Housing stocks declined as higher borrowing costs and falling sales dampened sentiment.
Mortgage Rates Hold Near 6.3% as Fed Stays Put, Cooling Refinance Demand
Following the Federal Reserve's decision to maintain its benchmark interest rate, the average 30-year fixed mortgage rate held near 6.3% this week. Mortgage applications fell sharply, led by a 19% drop in refinancing activity.
Mortgage Rates Climb, Threatening Spring Housing Momentum
U.S. mortgage rates increased to 6.29% this week, reversing a brief dip below 6% and threatening the spring housing market's early momentum. California's median home price reached $830,370 in February, with sales remaining below 300,000 for the 41st consecutive month.
Mortgage Rates Dip to 6.29% as Fed Decision Looms, Housing Market Shows Mixed Signals
The average 30-year fixed mortgage rate declined to 6.29% on Tuesday from 6.36% as bond markets stabilized before the Federal Reserve's policy announcement. Pending home sales increased 1.8% in February amid the rate relief.
Mortgage Rates Climb, Housing Stocks Retreat Amid Mixed Data
Mortgage rates increased this week, with the average 30-year fixed loan reaching 6.11%. Housing starts and permits declined in January, though mortgage applications rose. Major homebuilder and lender stocks traded lower.
Mortgage Rates Dip Below 6% Threshold, Yet Housing Stocks Face Persistent Headwinds
The average 30-year fixed mortgage rate declined to 5.98% this week, marking its first sub-6% reading since 2022. Despite the favorable rate move, major housing equities sold off sharply as broader market concerns and sector-specific challenges weighed on sentiment.
Mortgage Rates Slide to 6.01%, Yet Housing Market Momentum Remains Elusive
The average 30-year fixed mortgage rate dropped to 6.01% this week, hitting a multi-year low. However, mortgage lenders and homebuilder stocks exhibited mixed performance amid tepid housing data.
Mortgage Rates Dip as Markets Pause; Builders Gain Ahead of Fed Minutes
U.S. mortgage rates declined slightly, with the average 30-year fixed rate at 6.13%. Markets were closed for Presidents Day, with homebuilder equities advancing ahead of key economic data this week.
Mortgage Rates Hold at 6.23% Amid Data Delay; Key Reports Loom
U.S. 30-year fixed mortgage rates remained steady near 6.23% as bond markets paused ahead of delayed jobs and inflation data. Mortgage-related stocks showed mixed premarket movement.