LOS ANGELES — Homebuilder stocks are having a banner year, outpacing the broader market on a wave of optimism that mortgage rates will fall and help juice home sales into 2025.
The sector typically notches gains in the months surrounding the start of a Federal Reserve rate cutting cycle. But analysts say there’s reason to be skeptical that builder stocks will remain on a tear this time. Builder stocks started the year strong, but lost ground in the April-June quarter as the average rate on a 30-year mortgagefueled expectations of the first Fed rate cut in four years. Mortgage rates are influenced by factors including how the bond market reacts to the Fed’s interest rate policy decisions.
Still, the BofA analysts and many economists contend that the recent pullback in mortgage rates already reflects a Fed rate cut. Mortgage rates tend to track the moves in the 10-year Treasury yield.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Spot Buying Drives BTC Rally as Market Awaits Fed Rate Cut: BitfinexCrypto Blog
Herkunft: Crypto_Potato - 🏆 568. / 51 Weiterlesen »
Stocks Finish Flat After Big Opening Rally, Fed Meeting LoomsThe stock market ended yesterday's session unchanged after a strong initial surge that faded in the afternoon. Analysts predict implied volatility will likely increase today, potentially leading to lower opening levels ahead of the FOMC meeting. The impact on stocks after the meeting hinges entirely on the Fed's statement.
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »