🔴 Loandepot is trading 5% down today after 10-year Treasury yield crossed 5%

Loandepot is trading 5% down now at $0.79 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.

• Mortgage rates remained elevated on September 15, with the average 30-year fixed rate near 7%.
• No new company-specific announcement or earnings catalyst was identified; the decline appears tied primarily to broader mortgage-sector and interest-rate pressure.