Walker & Dunlop, Rocket Companies, Coastal Financial, Franklin BSP Realty Trust, and PennyMac Financial Services Shares Plummet, What You Need To Know

A number of stocks fell in the afternoon session after 30-year mortgage rates pushed back above 7% following the Federal Reserve's September rate hike, while investors also fretted that AI agents could erode cheap deposit funding. According to Freddie Mac, the average 30-year fixed mortgage rate rose to 7.03% for the week of Sept. 24, up from 6.95% the prior week and the highest since early 2025. Reuters, citing the Mortgage Bankers Association, earlier reported the MBA's 30-year contract rate j