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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One thought on “Builder Mood Bolstered By Big Drop In Mortgage Rates”

Fantastic – the market for debt ridden overpriced wooden boxes was too gloomy.
The populace must be delighted at the improving opportunities for 30 year financial wooden box encumbrance.