We're going live to the CBOE. Kevin Hanks is standing by and he has our prebell playbook. Good morning to you, Kevin Hanks. Good morning, Nicole.The government is shut down, but Schwab network remains open, Nicole. And today we got economic data from two places. I don't know how much more we'll get this week, but we got mortgage applications this morning.30-year mortgage rose from 6.34% to 6.46%. Therefore, the couple week strength we've had in mortgages is now lower. Uh the composite down 12.7%.Down 1% in ...

If you got a mortgage in 2020 or 2021, you may have what seems like an unbeatable deal. But falling in love with your mortgage rate could be a bad life decision. On a recent episode of The Ramsey Show, hosts John Deloney and Ken Coleman gave similar advice to Lauren in Detroit, Michigan, who is moving in with her husband after three years of marriage. He rents, while she owns a home with about $100,000 in equity and a 2.875% fixed mortgage rate [1]. Must Read Lauren asked if she should keep the house an ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When mortgage rates dipped below 3% during the pandemic, millions of homeowners locked in deals they now call once-in-a-lifetime. But as rates now hover above 6%, many of those same owners say they feel stuck. Upgrading, upsizing or relocating has become financially irrational, even for families who badly want more space. Low Rates Have Homeowners Stuck In Place The Reddit community r/MiddleClassFinance r ...

Charlotte, North Carolina-based Truist Financial Corporation (TFC) is a financial services company that offers a wide array of services, including retail, small business, commercial banking, wealth management, insurance, mortgage, and specialized lending solutions. Valued at a market cap of $59.3 billion, the company is expected to announce its fiscal Q3 earnings for 2025 before the market opens on Friday, Oct. 17. Before this event, analysts expect this bank to report a profit of $0.98 per share, up 1% f ...

The idea of home ownership feels like an increasingly impossible goal for many young Americans — especially those dealing with debt, a dwindling job market and a national housing affordability crisis. A new report from real estate brokerage Redfin, however, could bolster home ownership hopes [1]. The report showed that active U.S. home listings experienced their biggest drop since 2023 in August, falling 1.4% from July. New listings also dropped 1.1% month-over-month, and almost 3% year-over-year. That’ ...

Beyond the financial benefits, the mental health of children coping with their parents separating can also be a driving factor in choosing this arrangement.In a typical nesting arrangement, each parent stays in the home with the children during their agreed custody period, while living elsewhere when they are not looking after the kids. This arrangement gets its name from the behavior of bird parents, who leave their chicks safe in the nest while flying in and out to take care of them.Nesting isn’t a new ph ...

San Francisco, California-based Wells Fargo & Company (WFC) provides various banking, investment, mortgage, and consumer and commercial finance products and services in the U.S. and internationally. With a market cap of $269.4 billion, the company operates through Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management segments. The financial sector giant is expected to release its third-quarter results before the market opens on Tuesday, Oc ...

Fannie Mae thinks the housing market is set to come back to life in 2026. The mortgage finance giant sees rates falling below 6% by the end of 2026. Mortgage activity, meanwhile, is expected to surge by $470 billion next year, its economists estimated. Lower rates. Fresh inventory. A wave of home sales. Those are the conditions that Fannie Mae sees for the US housing market next year. The mortgage finance giant said in its latest quarterly outlook that it saw mortgage and homebuying activity picki ...

Kevin Hanks live at the CBOE prebell playbook. We're pretty busy getting ready for more uh comments and we had Fed speak yesterday from Jay Powell. Some of your thoughts.Well, you know, the market was looking a a bit fatigued to start with. Uh but then Jerome Powell came up to the podium in Rhode Island and basically here's the three words that everyone's talking about this morning from his speech. He said stocks are fairly highly valued.And so that's the term that's the phrase that uh I think made the mark ...

Even in the AI boom, digital real estate companies like Opendoor (OPEN) and Better Home (BETR) remain hot names. "You want to understand these names," Robinhood Markets chief investment officer Stephanie Guild said on Yahoo Finance's Opening Bid. "They're not going to go away." Although Opendoor stock fell over 10% during Tuesday's trading, the stock is up a whopping 367% year to date and over 268% in the past 12 months. Meanwhile, Better Home's stock jumped 30% Tuesday. Shares have catapulted over 630% ...