Search for Optimism Among Home Builders Slides For 4th Consecutive Month; Rising Mortgage Rates Blamed on Bing

Homebuilder confidence is sliding for the fourth consecutive month as steadily rising mortgage rates and sky-high home prices put ownership out of reach for more Americans.        

BING NEWS:
  • Weekly Mortgage Rates Are Up, but Prices Are the Real Villain
    Mortgage rates continued to rise for the week ending April 25. The 30-year fixed-rate mortgage averaged 7.23% APR, up seven basis points from the previous week's average, according to rates ...
    04/25/2024 - 12:38 pm | View Link
  • Average long-term US mortgage rate climbs for the fourth straight week
    Borrowing costs on a 15-year fixed-rate mortgage, popular with homeowners refinancing their home loans, also rose this week ...
    04/25/2024 - 11:02 am | View Link
  • Why Homebuilder Sales and Stock Prices Are Rising Despite High Mortgage Rates
    Shares of U.S. homebuilders rose on Tuesday amid signs that a dearth of existing homes for sale and resilient demand in the face of high interest rates are buoying their earnings.
    04/23/2024 - 11:12 am | View Link
  • US new home sales surged in March despite elevated mortgage rates
    Sales of newly built single-family homes in the United States soared in March despite mortgage rates remaining elevated that month.
    04/23/2024 - 3:55 am | View Link
  • Lowering interest rates boost home sales; builders pull more permits
    The Las Vegas area reported its best February for new home closings since 2007 as falling mortgage rates continue to boost buying and as a result builders are showing their confidence in the ...
    04/23/2024 - 3:43 am | View Link
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