On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. How low? Mortgage News Daily came out with a shocking print of 6.11% mortgage rates for their top-tier borrowers, while HousingWire’s Mortgage Rates Center, which tracks actual loan lock data from Polly, is also at…
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Philip Ng, Jefferies senior building products analyst, joins ‘Power Lunch’ to discuss the outlook for home builders and the impact from inflation on them.
If you were fortunate enough to buy the typical U.S. home in June 2022, you probably locked in about $1,400 a month in mortgage payments. Due largely to higher mortgage rates, that same home today would cost about $2,175 a month. So it’s no surprise that home sales over the last two-plus years have been…
David Trainer, New Constructs CEO, joins ‘Power Lunch’ to discuss stock plays for three stocks.