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HOMB News30 articles
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
Pending Home Sales Inch Up in August, Annual Decline Persists
Pending home sales edged up 0.3% in August, but remain 4.7% below last year. Homebuilder ETFs (ITB, XHB) dipped slightly after the data release.
Australia's $140B Family Support Figure Excludes Home Deposits
Australia's A$140B family support figure measures everyday purchases, not home deposits. Separate data shows 30% of homeowners got family help, but mortgage demand is slowing.
U.S. Open Boosts Player Pay to Record $108M; Zverev, Rybakina Take Home $5.5M Each
The USTA unveiled a record $108 million player compensation package for the 2026 U.S. Open, with singles champions Alexander Zverev and Elena Rybakina each earning $5.5 million. The payout is up 20% from 2025.
Australian Home Prices Slide 3.1%: Banks Face Growth Squeeze, Not Credit Crunch
Australian home prices fell 3.1% in three months to August, pressuring CBA and peers with slower mortgage growth, but arrears remain low. RBA decision due Sept 29.
UK Housing Market Cools: Impact on Banks and Homebuilders
UK house prices saw first annual decline since 2023, signaling a cooling market. This could impact mortgage lenders like Lloyds and homebuilders such as Barratt Redrow.
Existing-Home Sales Slip Below 4M Despite Inventory Surge
U.S. existing-home sales fell below 4 million in August despite the highest inventory in over a decade, as high mortgage rates and rising prices keep affordability strained, pressuring housing stocks.
Home Depot's Labor Day Hours Vary Across Canada; U.S. Markets Closed
Home Depot's Canadian stores have differing Labor Day hours: Toronto and Montreal are closed, while Vancouver and Calgary remain open. U.S. markets are closed for the holiday, with HD stock at $321.05.
Mortgage Rate Rise Strengthens Homebuyer Leverage, Limits Affordability
The 30-year fixed mortgage rate rose to 6.66%, giving buyers more negotiating power as sellers outnumber them by 51%. Affordability stays limited.
Real Home Values Slip Again as Inflation Outpaces Price Growth
U.S. home prices rose 1.5% year-over-year in June, but 3.5% inflation kept real values falling for a 13th month. Regional gaps widen as mortgage rates stay elevated.
Mortgage Rates Dip Slightly, Offering Homebuyers Marginal Relief
Mortgage rates edged down 2 basis points to 6.65%, but the savings for buyers are minimal. New-home sales data due Tuesday will provide fresh demand signals.
Home Depot Beats Q2 Forecasts but Stock Slips as Shopper Traffic Wanes
Home Depot beat Q2 estimates but shares fell 0.96% as transactions dropped 1%. A $730M tariff refund aided results. PCE inflation and Jackson Hole loom.
Gates Foundation Trust Discloses $352.68M Home Depot Stake
The Gates Foundation Trust disclosed a new 1 million-share stake in Home Depot (HD) valued at $352.68 million, but the filing does not indicate a personal purchase by Bill Gates.
Home Depot's Q2 Beat Masked by Tariff Refund, Margin Pressure Looms
Home Depot's Q2 sales beat expectations, but a $685M tariff refund hid underlying margin pressure. Comparable sales rose 1.7% as traffic declined, and full-year guidance was reaffirmed.
Home Depot Beats Q2 Estimates as Bigger Baskets Offset Fewer Shoppers
Home Depot (HD) reported Q2 sales and earnings that beat expectations, driven by a 2.8% increase in average ticket size, which offset a 1% decline in customer transactions. The company kept its full-year outlook unchanged.
Better Home & Finance Tumbles 8.5% as Boardroom Battle Erodes Investor Confidence
Better Home & Finance (BETR) shares slid 8.5% as a boardroom dispute over CEO ouster overshadowed strong Q2 growth and $102M cash reserves.
Homebuilders Rally on Cool PPI, But Lennar's Outlook Stays Weak
Homebuilder shares outperformed the S&P 500 after a flat July PPI report, but Lennar's rally faces analyst skepticism with a price target below its current price.
Dow Slips as Home Depot, Microsoft Losses Outweigh Broad Rally
The Dow Jones Industrial Average dropped 22 points on Wednesday as losses in Home Depot and Microsoft outweighed gains in other components, while the S&P 500 and Nasdaq advanced.
Home Depot Stock Slips as CEO Takes Medical Leave
Home Depot shares fell 2.5% as CEO Ted Decker takes temporary medical leave. Two long-serving executives will lead until his return, with earnings due next week.
Second-Home Mortgage Originations See First Annual Gain in Four Years, Wealthy Buyers Drive Recovery
U.S. second-home mortgage originations increased 4.1% in 2025, the first annual gain in four years, though activity is still 65% below the 2021 record. High-income borrowers accounted for 85.2% of loans.
Ohmyhome Shares Skyrocket 164% Amid Warrant Dilution Concerns
Ohmyhome (NASDAQ:OMH) shares surged 164% on Friday, drawing attention to a 9-for-1 warrant dilution that could increase share count by 240%.
Daily Mortgage Rate Nears 7% as Spread Widens, Squeezing Homebuyers
The daily 30-year fixed mortgage rate climbed to 6.85%, just 15 basis points from 7%, widening the gap with Freddie Mac's weekly 6.58% and signaling higher borrowing costs for homebuyers.
Martha Stewart Lamp at Marshalls Highlights TJX Home Segment Growth
TJX's HomeGoods segment reported a 40% jump in operating profit, with sales up 11%. A $70 Martha Stewart lamp at Marshalls illustrates the company's home goods appeal and margin growth.
Lowe's Valuation Gap Widens as EPS Growth Outpaces Home Depot
Lowe's shares slipped 1.5% to $201.33, trading at 16.1 times earnings versus Home Depot's 21.7, despite stronger adjusted EPS growth.
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.
Core AI Holdings Skyrockets 41% on HomeGPT Launch, Trading Volume Explodes
Core AI Holdings (CHAI) shares surged 41% to $0.55 after announcing HomeGPT, with trading volume reaching 7 times the June non-affiliate share count.
Home Depot's Valuation Premium Faces Housing Headwinds
Home Depot's 36% P/E premium over Lowe's faces pressure from declining housing permits and rising mortgage rates.
Maine Home Prices Reach New High as Inland Markets Surge
Maine's median home price hit a record $436,000 in June 2026, with inland counties seeing the fastest gains. Sales rose 7.3%, outpacing national trends.
Linkhome Holdings Surges 315% After Mortgage One Acquisition, GPU Financing Launch
Linkhome Holdings (NASDAQ:LHAI) closed up 315% at $2.74 after completing its Mortgage One acquisition and launching a GPU financing initiative, boosting market cap to $44.5 million.
Linkhome Shares Surge on Mortgage One Acquisition and GPU Lending Launch
Linkhome Holdings (LHAI) shares surged over 100% on heavy volume after closing the Mortgage One acquisition and launching a GPU financing unit.