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Builder Mood Bolstered By Big Drop In Mortgage Rates
Homebuilders across America are feeling quite a bit better about things all of a sudden.
That's according to an update on builder sentiment released Wednesday, the first of what'll be a string of housing market reports due over the next two weeks.
The seven-point increase on the NAHB's gauge was the largest in 11 months.
You know the backstory. Or you should. Sentiment turned bitter in August when rising long-end Treasury yields triggered another sharp increase in mortgage rates which, by O
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