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...

Rocket Companies CEO Varun Krishna: Most of the players in real estate are ‘significantly under-penetrated’

[ad_1] Varun Krishna, Rocket Companies CEO, joins ‘Squawk Box’ to discuss mortgage demand, mortgage rate trends, the state of the housing market, impact of A.I., and more. [ad_2] Source link

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,...

Cooler monthly inflation report pushes mortgage rates even lower

[ad_1] An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty ImagesThe average rate on the 30-year mortgage fell 18 basis points to 7.40% on...