Spring Valley Acquisition-A

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%.

U.S. mortgage rates climbed to a six-month high of 6.38% this week, pressuring borrower demand. The Mortgage Bankers Association reported a 10.5% weekly decline in applications as costs rose.

Opendoor Technologies stock declined roughly 2% as mortgage rates climbed to their highest level since December, clouding the spring homebuying season. The company forecasts a sequential revenue drop and ongoing EBITDA losses.

The average 30-year fixed mortgage rate increased to 6.22% this week, contributing to a 10.9% drop in overall loan applications as refinancing activity slowed. Purchase applications showed slight weekly growth but remain volatile year-over-year.

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.

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.

U.S. mortgage rates climbed sharply this week, with the average 30-year fixed rate rising to 6.11% from 6.00%. The increase, the largest weekly jump since April 2025, arrives as the spring housing market shows early signs of activity.

Santos' proposal to drill and frack 12 test wells in the Beetaloo Basin faces opposition from scientists and Indigenous custodians, who warn of threats to the ecologically sensitive Hot Springs Valley. The Northern Territory regulator is reviewing the environmental plan.

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.