Chip stocks suffer worst stretch in 16 months as AI fatigue grips the market
Anticipation is building for Anthropic’s investor day, as Wall Street grows less patient with heavy AI spending.
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Buy-to-let yields reach highest level since 2011, Paragon data reveals – Mortgage Strategy
Buy-to-let yields have reached their highest level since the first quarter of 2011, rising to an average of 7.22% in the third quarter of 2026, according to data from Paragon Bank. The bank’s Q3 2026 Buy-to-Let Yields report found that average gross yields increased by 0.22 percentage points from 7% in the previous quarter and…
Bond yields are climbing — but Fed’s Williams calls it good news
“It’s not really about financial conditions affecting the economy. It’s more about the economy affecting financial conditions.” Wait-and-see on September’s rate call Williams, a permanent voter on the rate-setting Federal Open Market Committee (FOMC), declined to pre-commit to a move at the September 15–16 meeting, where traders are currently pricing roughly 66% odds of a…
Mortgage Rates Only Modestly Higher Despite Bond Market Losses
We’d be the first to remind you that mortgage rates are primarily determined by trading levels in the bond market–specifically those for mortgage-backed securities (MBS). That said, there are days where rates don’t do exactly what MBS suggest. Today was one of them. According to the bond market, mortgage rates should have been much higher…
Mortgage Rates Today, Wednesday, September 9: A Little Higher
Yes, mortgage interest rates are higher today, but only by a little. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.74% APR, according to rates provided to NerdWallet by Zillow. This is nine basis points higher than yesterday and unchanged from a week ago. (See our chart below for more specifics.) A…
Foreclosure filings keep climbing as bank repossessions surge
Sun Belt leads in foreclosure concentration State-level data shows foreclosure pressure is far from evenly distributed. South Carolina posted the worst foreclosure rate in the country in August, with one filing for every 1,547 housing units — more than twice the national rate. Nevada followed at one in every 1,920 units, with Florida (1 in…
‘Still doomed’: Toronto condo sales and prices slump yet again
Higher interest rates and lower rental demand mean many of those condos have become a cashflow-negative headache for owners, while scores of buyers who purchased years ago when values were higher are now facing huge appraisal challenges CMHC has flagged that plunge in condo starts as one of the main reasons the housing crisis is…
