US 30-yr Fixed Rate Mortgage Rate Dives to 50-yr Lows

US 30-yr Fixed Rate Mortgage Rate Dives to 50-yr Lows

#mortgage #homebuilding #retail #sales #Fed #QE #bonds #market #stimulus #economy $DIA $SPY $QQQ $RUTX $VXX $SPSIHO The S&P 500 Homebuilding Index (SPSIHO), which includes Lennar Corp.(NYSE:LEN), DR Horton Inc.(NYSE:DHI), and PulteGroup Inc.(NYSE:PHM), gained 2.4% Thursday. The index is up nearly 9% YTD, compared with a 0.05% decline in the broad S&P 500 overall. US 30-year […]

US Housing Starts Fell to 2-Yr Lows in December

US Housing Starts Fell to 2-Yr Lows in December

$SPY, $USD US homebuilding fell to a more than 2-year lows in December as construction of both single and multi-family housing declined, the latest indication that the economy lost momentum in the fourth quarter. Other¬†details of the report from the Commerce Department on Tuesday¬†were also downbeat and suggested that the housing market could remain sluggish […]