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ZG News2 articles
Opendoor Stock Dips as Rising Mortgage Rates Pressure Spring Housing Outlook
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.
U.S. Mortgage Rates Hold Near 6.2% as Refinance Demand Stays Subdued
Average 30-year fixed mortgage rates remain elevated around 6.2%, with refinance activity limited as rates stay above key psychological thresholds. High home prices continue to pressure affordability despite recent declines from peaks.