Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.9%.

The Philadelphia Housing Index was falling 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.

Bitcoin (BTC-USD) was declining 1.2% to $79,517, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.48%.

In corporate news, Two Harbors Investment (TWO) said Wednesday its board rejected a revised unsolicited takeover proposal from UWM (UWMC), saying that it is inferior to its existing merger agreement with CrossCountry Mortgage. Two Harbors shares fell 1%, and UWM dropped 3.9%.