2 stories from 2 sources
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Summary
Weekly pending home sales rose to 75,935 from 69,636, signaling firmer near-term transaction demand. Mortgage purchase applications increased 7% year over year even as mortgage rates hovered near 2026 highs.
Why it matters
Resilient contract and application data reduces downside risk for housing-linked earnings and signals the market can clear at high rates, but only at constrained volumes.
Summary
Federal Reserve Governor Michael Barr said recent regulatory proposals to ease oversight of US banks would considerably weaken bank regulation and supervision. He warned the direction of travel increases risk in the banking system.
Why it matters
A regulatory pivot on bank rules changes how much capital banks hold, how much risk they can take, and how resilient credit supply will be in the next downturn.
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