The 30-Year Mortgage Is Closing In on 7.5%
Mortgage rates are closing in on a threshold that forecasters said would not arrive until next year, and homebuilders are already making painful tradeoffs to keep buyers at the table.
Mortgage rates are closing in on a threshold that forecasters said would not arrive until next year, and homebuilders are already making painful tradeoffs to keep buyers at the table.
Housing-linked stocks are moving lower together in Wednesday morning trading, with the iBuyers taking the sharpest hits and the homebuilder fund pulling back in step. The move is landing on housing rather…
Opendoor Technologies (NASDAQ:OPEN) has posted a sharp monthly decline amid a small group of housing-linked names, and the bulls-versus-bears question in front of Opendoor shareholders is whether the drop reflects a housing-wide…
Opendoor Technologies (NASDAQ:OPEN) stock is falling 4% to $2.68 in Tuesday morning trading as rising Treasury yields and expectations for tighter monetary policy weigh on housing-related shares. Offerpad Solutions (NYSE:OPAD) stock is…
Opendoor's CEO took to social media to admit something investors did not want to hear, and it landed in the worst possible week for a company that lives and dies by interest…
Offerpad is surging 7% while homebuilders barely budge, and no earnings release or corporate announcement explains the gap. The real driver runs through two rate-linked channels that builders simply do not share.
Mortgage rates pushing toward 7% sent builders scrambling to cut production before buyers vanish entirely, but the real question is whether that panic creates an opening for households willing to act while…
A brutal earnings miss sent Opendoor plunging while Rocket Companies braces for a report that could determine the fate of the entire housing finance sector. One small iBuyer is somehow bucking the…
Housing starts just posted their biggest monthly jump in three months, and a triple-leveraged homebuilder ETF sits ready to amplify every move. But the same mechanics that could multiply your gains have…
The iShares U.S. Home Construction ETF (NYSEARCA:ITB) just rose 7% in a single week, yet the fund is still down about 4% year to date and sitting 7% below where it traded…
The Federal Reserve has already trimmed its policy rate by 0.75 percentage points over the past year, leaving the upper bound at 3.75%. The question facing rate-sensitive sectors is what happens if…
The housing construction sector is heating up. The iShares U.S. Home Construction ETF (NYSEARCA:ITB) has surged 11.1% year to date in just nine trading days, signaling robust demand for new residential and…
It’s been nearly a month since Kamala Harris and Tim Walz released their agenda to lower costs for American families. A big part of the plan involves helping improve housing affordability by…
On a day where the U.S. weekly jobless claims hit an exponential record high of almost 3.3 million, and when the ugly recession level economic news has not even really been seen…
Homebuilder D.R. Horton on Monday reported better-than-expected profits and revenues for its fiscal first quarter and boosted its guidance.