Snap reported $250 million in adjusted EBITDA for the second quarter. In the same quarter it booked $263 million in stock-based pay for its employees, a cost that is left out of the adjusted figure.
The 30-year fixed rate rose for a seventh straight week as Treasury yields climbed. Mortgage applications have fallen five weeks in a row.
Freddie Mac 30-year fixed, weekly average, Jul 30 to Oct 8, 2026
The S&P 500 set a record close last week while the 30-year mortgage rate climbed to 7.40%. Bond investors see a Fed that isn’t done, and housing sits on their side of the trade.
The S&P 500 set a record close last week while the 30-year mortgage rate climbed to 7.40%. Bond investors see a Fed that isn’t done, and housing sits on their side of the trade.
As the 10-year yield climbed past 5%, builder shares and property stocks fell harder than the market. The reason runs through incentives.
Rents are falling while mortgage costs climb. On a median home, the monthly gap has widened by about $200 in a year.
The Fed matters. But so do Treasury yields, lender costs and the bond market.
Updated Oct 12A practical guide to the number behind borrowing costs.
Updated Oct 12What the supply of homes can tell you about prices and negotiating power.
Updated Oct 12