Mortgage rates pose new threat to housing market, frustrating buyers [Yahoo! Finance]
LPL Financial Holdings Inc. (LPLA)
Last lpl financial holdings inc. earnings: 4/30 04:05 pm
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Source: Yahoo! Finance
well into next year, challenging President-elect Donald Trump's plans to revive the ailing sector. Mortgage rates have been rising for the past month, testing an early July peak of 6.9% last week, according to data from the Mortgage Bankers Association. Why? Renewed inflation risks tied to Trump's policy proposals lifted the benchmark Treasury bond yields that are used to set home borrowing costs. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter Still, the MBA reported a modest pickup in purchase applications, helped in part by the lower rates offered to first-time buyers through the Federal Housing Administration loan program. "For-sale inventory has loosened in some markets, and some potential buyers have been able to take advantage of increasing supply and lower FHA rates, which were down slightly in comparison to the conforming 30-year fixed rate," said the MBA's deputy chief economist, Joel Kan. Adam Gray/Getty Images The relentless rise in mor
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LPLA
News
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LPLA
Earnings
- 10/30/24 - Beat
LPLA
Sec Filings
- 11/12/24 - Form SC
- 11/4/24 - Form 10-Q
- 10/30/24 - Form 8-K
- LPLA's page on the SEC website