Geopolitics Alpha

Mortgage Rates Decline for Second Week Amid Ongoing Inflation Concerns

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GEOPOLITICS ALPHAMortgage Rates Decline for SecondWeek Amid Ongoing InflationConcernsGEOPOLITICS ALPHA

Mortgage rates have decreased for the second week in a row, yet they remain notably high, as indicated by recent data from Freddie Mac. The average interest rate on a 30-year fixed mortgage now stands at 7.24%, down from 7.4% two weeks prior. Nonetheless, this rate is still over

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLRE Real Estate Select Sector SPDR+2.7% 30d

    Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story.

  • XHB SPDR S&P Homebuilders ETF+5.0% 30d

    SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story.

  • TIP iShares TIPS Bond ETF-0.4% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • PLD Prologis-3.7% 30d

    Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.

  • DHI D.R. Horton+11.9% 30d

    D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.

  • LEN Lennar+5.6% 30d

    Lennar (general bldg contractors - residential bldgs): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.

  • WMT Walmart+20.2% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+16.7% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XLRE-0.86%-2.42%base+1.11%+1.17%+4.49%after close
XHBNo price data for this ticker———————
TIP-0.37%-0.40%base-0.29%-0.57%-0.60%after close
PLD-1.36%-2.14%base+1.29%+0.83%+2.62%after close
DHI+0.34%-2.12%base+4.74%-0.54%+7.55%after close
LENNo price data for this ticker———————
WMT-2.61%-3.79%base+3.40%+1.05%+5.32%after close
COST-0.73%-2.96%base+2.78%+0.67%+3.36%after close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Mortgage Rates Decline for Second Week Amid Ongoing Inflation Concerns SSBCrack

Source: SSBCrack

This story

CompanyWhenMoveStatus
COSTthat day+2.78%final price
COSTthe next day+0.67%final price
COSTtwo days later+3.36%final price
COSTthree days earlier-2.96%final price
COSTfive days earlier-0.73%final price
DHIthat day+4.74%final price
DHIthe next day-0.54%final price
DHItwo days later+7.55%final price
DHIthree days earlier-2.12%final price
DHIfive days earlier+0.34%final price
PLDthat day+1.29%final price
PLDthe next day+0.83%final price
PLDtwo days later+2.62%final price
PLDthree days earlier-2.14%final price
PLDfive days earlier-1.36%final price
TIPthat day-0.29%final price
TIPthe next day-0.57%final price
TIPtwo days later-0.60%final price
TIPthree days earlier-0.40%final price
TIPfive days earlier-0.37%final price
WMTthat day+3.40%final price
WMTthe next day+1.05%final price
WMTtwo days later+5.32%final price
WMTthree days earlier-3.79%final price
WMTfive days earlier-2.61%final price
XLREthat day+1.11%final price
XLREthe next day+1.17%final price
XLREtwo days later+4.49%final price
XLREthree days earlier-2.42%final price
XLREfive days earlier-0.86%final price

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This story

12 out of 100

“Mortgage Rates Decline for Second Week Amid Ongoing Inflation Concerns” scores 12 out of 100. The score uses 1 sources.