Equity market sentiment dipped after finance charge on leveraged ETF holdings rose alongside Treasury yields. Analysts forecast potential re-pricing in overbought sectors before the next earnings cycle. The average interest rate on the 20-year fixed refinance mortgage is 6.18%. The same time last week, the 20-year fixed-rate mortgage was at 6.07%. This Legal Update examines SB 784 in market context and provides a summary of how its requirements could affect the solar and home improvement financing industry going forward. We will continue to monitor updates to the bill—as well as other state actions in the solar and home improvement financing space—and provide additional updates as warranted. Finance charge burdens are leading to revaluation in mid-tier tech IPOs. Analysts project slower capital raising in this segment through the next two quarters.
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