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10/29/2024 1:30 PM
The homebuilding sector is facing pressure today, after D.R. Horton (DHI) reported lackluster fiscal fourth-quarter results and issued worse-than-expected 2025 guidance. As a result, DHI is heading f...
10/24/2024 3:04 PM
Unfortunately for home buyers, mortgage rates are sharply higher in October, with the 30-year rate averaging 6.92% as of Oct. 23 -- marking a fourth-straight weekly rise. Though it's too late to tell,...
9/12/2024 1:04 PM
Yesterday, mortgage rates fell for a sixth-straight week and hit their lowest level since February 2023, with the average contract interest rate for a 30-year fixed-rate mortgages with conforming loa...
7/23/2024 2:39 PM
Homebuilding stocks -- hypersensitive to rates and the U.S. economy -- are on the rise as investors rotate away from growth stocks into cyclicals due to increased prospects of an interest rate cut in ...
6/12/2024 12:44 PM
May's cooler-than-expected consumer price index (CPI) on a year-over-year basis is pushing bond yields lower, and the prospects of an interest rate cut in September are increasing. Homebuilding stock...