Market videos

Lower borrowing costs have yet to lift housing demand, Schwab Network’s hosts say. The cited Freddie Mac mortgage rate fell to 7.24% from 7.32%, but purchase applications fell 2% in the week and 19% from a year earlier. They cite a record 10% of first-time buyers paying all cash between July 2025 and June 2026, while first-time buyers accounted for only 22% of the market. The programme also relays Reuters reporting that roughly 600,000 Nvidia chips awaited mainland China import approval in Hong Kong.