U.S. homebuilder confidence fell more than expected in October to its lowest level in 14 years, as higher mortgage rates deterred buyers and builders increasingly cut prices to make sales. The National Association of Home Builders/Wells Fargo Housing Market Index
The post Homebuilder Confidence Falls to 14-Year Low as Mortgage Rates Climb appeared first on Breitbart.
The benchmark 30-year fixed-rate mortgage rose to 7.28% from 7.03% last week, mortgage buyer Freddie Mac said Thursday, the biggest leap in four years. A year ago, the…
Economist Jane Liu, Ph.D. examines what the return of 7 percent mortgage rates reveals about the broader economy. Liu looks beyond housing to explore how persistent…
Mortgage rates have reached three-year highs, which is pushing down housing sales. Akiko Fujita has more details from Los Angeles.
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