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US mortgage lenders
Trends
- 1Housing and mortgage stocks fall as Treasury yields climb●Housing, mortgage stocks drop as Treasury yields climb
Shares of homebuilders and mortgage lenders declined as US Treasury yields rose, tightening financial conditions for the housing sector. Higher yields typically push up mortgage rates, cooling demand for homes and squeezing lender margins. Investors are watching bond markets closely for signs of how long rates will stay elevated and what that means for property-related equities.