After being on a downward trend, falling from 7.22% in May to 6.08% in late September, the 30-year mortgage rate reversed course in November. The rate rose sharply to 6.84% late last month, following the...
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Over the past year, NVR has delivered performance that surpasses the broader market. However, Wall Street analysts are cautious about its growth outlook.
The housing sector has been building up strong momentum in recent weeks, thanks to a flurry of upbeat data, lower mortgage rates and Fed rate cuts. iShares U.S. Home Construction ETF ITB, SPDR S&P Homebuilders...
After being on a downward trend, falling from 7.22% in May to 6.09% in mid-September, the 30-year mortgage rate reversed course, rising sharply to 6.79% in early November. This discouraged home buyers...
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built single-family homes stood at 46 in November, up three...
The Federal Reserve, in its meeting, slashed interest rates for the second time this year. It cut key interest rates by 25 bps, bringing down the benchmark rate to 4.5%-4.75%, following the 50-bps cut...
Election Day has approached, and the polls indicate a tight race between Democratic Party candidate Kamala Harris and Republican nominee Donald Trump. Neither candidate holds a meaningful edge in enough...
Wall Street has shown a remarkable rally this year. The artificial intelligence (AI) craze and rate-cut optimism have been the major driving factors amid recession fears, geopolitical tensions and the...
While the 30-year mortgage rate has improved and is again on a downward trajectory, it is crucial to acknowledge that it is still relatively high. However, mortgage rates are currently at 6.08% (as of...
The third quarter of 2024 has been extremely volatile for the U.S. stock market. While recession fears, geopolitical tensions, fading AI craze and uncertainty surrounding the elections kept investors on...