Mortgage Rates Move Up to 3 Month Highs
Two days ago, mortgage rates began the day at 7.04% before mid-day improvements brought the average back down to 6.99%. Today started out in a similar vein with the average lender at 7.05%, but the mid-day movement only made things worse. In terms of catalyst events, the bond market (and stock
Mortgage Rates Briefly Over 7% Before Mid-Day Improvement
(Un)Surprising Reversal After Initial Weakness The sharp overnight losses in stocks and bonds were consistent with a market that didn't have time to process the sort of knee-jerk reaction one would expect from headlines like Moody's US credit rating downgrade. M
Builder Confidence Near Post-Pandemic Lows, But Timing is Everything
The National Association of Homebuilders (NAHB) and Wells Fargo released the monthly Housing Market Index (HMI) this week, showing builder confidence falling to the lowest levels since 2023. This is about as low as the index has been since the housing crisis more than a decade ago. While pers
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