Homebuilder stocks slide as high mortgage rates stifle April confidence reading

The National Association of Home Builders /Wells Fargo Housing Market Index stayed at 51 in April, unchanged from March.

Homebuilder confidence has been choked by higher mortgage rates and higher than expected inflation readings during the first quarter of this year.Mortgage rates have stayed slightly higher compared to the beginning of the year, pushing borrowers to the sidelines just as the spring homebuying season kicks into gear. The average rate on the 30-year fixed mortgage rate rose to 6.88%, higher than 6.

Royal Bank of Canada has a high dividend yield. Should you buy it? The post Royal Bank of Canada Stock: Buy, Sell, or Hold? appeared first on The Motley Fool Canada.Suncor Energy stock is off to a strong start in 2024. Is the TSX energy stock a good buy right now? The post Is Suncor a Buy, Sell, or Hold? appeared first on The Motley Fool Canada.

-- Investors and metals traders can’t agree on what exactly is behind gold’s recent rally. At King Gold & Pawn in Brooklyn, the customers don’t care. They just want to sell.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Homebuilder stocks rise after Fed projects three interest rate cuts this yearThe SPDR S&P Homebuilders ETF rose more than 2%, higher than the S&P 500’s less than 1% gain.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Homebuilder confidence may signal housing market recovery: NAHBAccording to a National Association of Homebuilders report, homebuilder confidence continues to rise, signaling a potential recovery in the housing market...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »