for the year. To focus specifically on home improvement, Lowe's and Home Depot find themselves in a a particularly murky space. Mortgage rates are higher , which is putting the squeeze on the housing market, which should put more of an emphasis on renovations as more people stay in their current homes. Yet many people have already used pandemic-era stimulus money, home equity or other savings to spruce up their homes during the earlier days of Covid.
For a little while there, you could see some green shoots ahead of the spring selling season. But maybe the groundhog meant six more weeks of housing market winter when he saw his shadow Feb. 2. In just about a month, mortgage rates have risen a half a percentage point, and that has pushed demand for mortgages to buy a home to a 28-year low. Mortgage applications to purchase a home dropped 6% week over week, according to the Mortgage Bankers Association.
1. All medias sell panic and fear in the natural correction while they are buying all. 2. All medias sell panic and fear in the natural correction while they are buying all. 3. All medias sell panic and fear in the natural correction while they are buying all. . 5. The same
Biden is still President, short the market?
which five things👀