10 Firms Kick Off 2025 Trading in The Red

6. UWM Holdings Corp. (NYSE:UWMC)

American mortgage lender UWM Holdings kicked off the first trading day of the year on a sour note, with its share price losing 3.92 percent or 0.23 points to finish at $5.64 apiece.

Investor sentiment seemed to have been dragged by news that higher mortgage rates, scarce inventory, and dismal affordability are plaguing the US property market and are set to linger until the end of the year.

At present, mortgage fees remained at a decades-long high, dampening demand for mortgage applications by 22 percent at the end of December.

Granted, December is typically the slowest month for home buying activity, but with the central bank now signaling caution around the pace of further rate cuts this year, hopes have been shelved that mortgage rates will fall sharply anytime soon.