Homebuilder sentiment drops to lowest point in a year, but falling rates spur some optimism

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Homebuilder sentiment drops to lowest point in a year, but falling rates spur some optimism

[ad_1] High mortgage rates continue to weigh on the nation’s homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon.Homebuilder sentiment fell six...

Mortgage demand climbs to the highest level in five weeks after interest rates move lower

[ad_1] Potential homebuyers attend an open house in Seattle.Mike Kane | Bloomberg | Getty ImagesCurrent homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly.Mortgage demand rose 2.8% last week, compared with the previous week,...