🔴 Loandepot is trading 11.32% down today after Treasury yields crossed 5% and mortgage rates stayed elevated

Loandepot is trading 11.32% down at $0.74 after the 10-year Treasury yield crossed 5% on September 14, increasing pressure on mortgage pricing ahead of the Federal Reserve’s September 15–16 meeting.

• Reuters reported mortgage rates are expected to remain higher for longer, with the average 30-year rate around 6.85% and closely tracking Treasury yields.
• No new company-specific negative announcement was identified on September 15; the September 14 HomeSmart partnership was constructive, but broader rates and housing-finance pressure appear dominant.