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HOMB News28 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.
Home Depot Rises Despite Housing Weakness and Downgrade
Home Depot shares rose 4.7% to $339.61, helping lift the Dow, even as Wolfe Research downgraded the stock and U.S. new-home sales fell 7.3% in May.
Rocket Companies Soars on Mortgage Demand Uptick; Redfin Data Shows Home Price Stability
Rocket Companies (RKT) jumped 13.5% after mortgage applications rose 1% and refinancing demand increased 3%. Redfin data showed home prices edged up 0.3% in May, but a 7.3% drop in new-home sales highlights ongoing housing risks.
Dow Jones Rises on Home Depot and 3M Gains; Alphabet to Replace Verizon in Index
The Dow Jones Industrial Average gained 302 points on Wednesday, driven by strong performances from Home Depot and 3M. Alphabet shares rose after being selected to replace Verizon in the Dow index.
Sunrun Surges on Tesla, Renew Home Virtual Power Plant Framework
Sunrun shares soared 29.3% after announcing a framework with Tesla and Renew Home to pool home batteries and smart devices into over 16 GW of flexible capacity for data centers and utilities.
Pulsenmore Stock Surges on Ouma Health Home Ultrasound Deal
Pulsenmore shares surged in premarket trading after announcing a partnership with Ouma Health to bring its FDA-authorized home ultrasound to Ouma's U.S. virtual maternity care platform. Financial terms were not disclosed.
KB Home Stock Gains on Back-End Loaded Delivery Plan
KB Home shares climbed 4% in after-hours trading as the builder outlined a back-loaded 2026 delivery plan, with margins expected to improve modestly in the second half.
Home Depot Gains 2.1% as Housing Data Clouds Outlook
Home Depot shares climbed 2.1% in a shortened week, but soft housing data and upcoming new-home sales figures keep the outlook uncertain. The company reaffirmed its 2026 targets.
New York Begins Distributing $2B in STAR Property Tax Relief to Nearly 3 Million Homeowners
New York has begun distributing over $2 billion in STAR property-tax relief to nearly 3 million homeowners, with most receiving $350-$600 and seniors $700-$1,500.
Home Depot Edges Higher as Market Balances Housing Headwinds
Home Depot shares climbed Friday, extending a two-day rebound, as the market awaits Q2 earnings on August 18 amid mixed signals on housing and remodeling demand.
Mortgage Rates Edge Lower, Yet Affordability Remains Elusive for Homebuyers
Mortgage rates eased to 6.48%, offering slight relief, but listing prices dropped 2.4% year-over-year to $429,500 amid persistent affordability challenges and rising geopolitical risks.
Home Depot Holds Firm Amid Market Turmoil; Housing Data Awaited
Home Depot gained 0.27% Friday to $310.78, bucking a sharp market decline. The stock's resilience will be tested Monday as markets digest a strong jobs report and rising rate concerns.
Home Depot's Post-Earnings Rally Faces Key Macro Test Next Week
Home Depot shares fell 1.27% Friday despite a 4.8% sales rise, as housing affordability and consumer uncertainty weigh. Next week's economic data could determine the stock's near-term direction.
Yield Surge Reshapes Stock Picks: Nvidia, Dell, ServiceNow, Home Depot in Focus
U.S. stocks declined Tuesday as the 10-year Treasury yield reached its highest since January 2025, pressuring growth shares. Selective buying focused on Nvidia, Dell, ServiceNow, and Home Depot.
Home Depot Q1 Earnings Signal Housing Market Strain
Home Depot reported Q1 sales of $41.8B, up 4.8%, beating estimates, but comparable sales rose only 0.6%, missing forecasts. Net earnings fell to $3.3B. The company kept its 2026 outlook unchanged.
SoFi Q1 Earnings: Loan Growth and Home Lending Push in Focus
SoFi Technologies reports Q1 earnings on April 29, with management guiding for $1.04B in adjusted net revenue and EPS of $0.12. The company's new digital HELOC and Real Estate Advisory Council signal a push into home lending.
Home Depot Markdown Fraud Case Highlights Internal Control Risks
A former Home Depot manager in Miami-Dade County has been charged with grand theft and organized fraud for allegedly approving unauthorized discounts totaling $4.3 million. The case raises questions about internal controls as the retailer focuses on pro contractors.
Google Expands Gemini AI for Home, Boosts Speed and Parental Controls
Google has rolled out significant upgrades to its Gemini for Home AI assistant, expanding early access to 16 additional countries and cutting latency on common commands by up to 40%. The update also introduces enhanced playlist accuracy and new digital wellbeing tools.
Mortgage Rates Hold Near Recent Highs, Adding Pressure to Spring Homebuyers
Key mortgage rates held near multi-month highs on Tuesday, sustaining affordability challenges for prospective homebuyers this spring. Data from major trackers showed continued volatility, with the 10-year Treasury yield hovering around 4.5%.
Mortgage Rates Climb, Pressuring Lender and Homebuilder Stocks
Mortgage rates increased on Tuesday, with the 30-year fixed rate reaching 6.15%. Major mortgage lenders and homebuilder ETFs declined as rising Treasury yields weighed on the sector.
Home Depot Gains as Housing Data and Fed Outlook Shape Retailer's Path
Home Depot stock advanced 1.5% Friday, closing at $380.72, while the broader market declined. The home improvement retailer's performance remains tied to interest rates and sluggish housing turnover, with key economic reports due next week.
Home Depot Eyes $391 as Packed Week Brings Fed Minutes, Inflation Data
Home Depot shares edged higher to $391.05 Friday. Markets face a compressed week with critical Fed minutes and economic data ahead of the retailer's quarterly report.
Home Depot Shares Gain Ahead of Earnings as Investors Eye Housing Demand
Home Depot stock advanced 2.6% to $390.84, outpacing a flat S&P 500, as investors rotated into consumer stocks following soft retail sales data. The focus now shifts to the company's quarterly report on February 24.
Refinance Rates Remain Elevated Above 6%, Dampening Homeowner Enthusiasm
Average 30-year fixed refinance rates hold above 6%, with government-backed options slightly lower. Most borrowers face higher costs despite some lenders offering sub-6% rates.
Home Depot Shares Decline Ahead of Key Economic Data, Earnings
Home Depot stock fell 1.3% on Monday, underperforming broader market gains. Investors await upcoming inflation and employment reports, along with the retailer's quarterly results on February 24.
Home Depot Earnings Preview: Inflation, Jobs Data Set Stage for Housing Demand Signals
Home Depot shares underperformed the broader market rally Friday as investors await key inflation and employment reports ahead of the retailer's quarterly results later this month.
Mortgage Rates Hold Near 6% Threshold, Squeezing Spring Homebuyers
U.S. mortgage rates remain anchored near 6%, with the 30-year fixed averaging 6.11% according to Freddie Mac. Refinance rates continue to outpace purchase rates, limiting options for homeowners.
Home Depot Shares Edge Higher Ahead of Key Economic Data, Q4 Earnings
Home Depot stock gained 0.7% Friday as investors await delayed jobs and inflation reports. The home improvement retailer's Q4 earnings, due Feb. 24, will test demand in a cautious housing market.