U.S. home builder confidence retreats despite lower mortgage rates – ET RealEstate

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Home prices are a function of supply and demand and — based on the Housing Starts data plus the number of newly-issued Building Permits — home supply is likely to rise. Demand, on the other hand, despite low mortgage rates, may not. At least not in the short run. As a buyer, you can use this information to your advantage.

Clearly, building owners will weigh whether this disruption. eager investors are seeking new ways to direct more capital into hard assets – despite rising interest rates on the horizon. "U.S..

U.S. home builder confidence retreats despite lower mortgage rates 2 Min Read FILE PHOTO: Development and construction continues on a large scale housing project of over 600 homes in Oceanside.

After rising for two months, homebuilder confidence sipped down in June as mortgage rates skyrocketed up. The National Association of Homebuilders’ housing market index, a measure of builder confidence fell to 15 this month, down from 16 in May.

This video is essential for every first time home buyer and it’s a great refresher even if you’ve purchased a home before. From searching for a home to understanding the mortgage closing process. Have Cash in Reserves. As a Millennial Realtor, most of the First time home buyers I work with are around my age (mid to late 20’s to early 30’s).

June 17 (Reuters) – A private gauge of U.S. home builder sentiment fell in June, retreating from a six-month high, as rising building costs and trade worries offset falling mortgage rates.

US homebuilders’ confidence eases slightly. Despite declining in August, sales of new U.S. homes were running 20.1 percent higher through the first eight months of this year than in the same stretch of 2015. All told, new home sales declined 7.6 percent in August to a seasonally adjusted annual rate of 609,000 units.

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Comparing mortgage rates across lenders is one of the first steps in the home buying process. This allows you to budget by giving you an idea of what your monthly mortgage payments will total. Even minor differences in the interest rate on a six-figure loan will add up over the life of a 30-year mortgage and can have a huge impact on your.