Homebuilders are feeling worse about the housing market as persistently high mortgage rates curtail new home sales.
The National Association of Home Builders /Wells Fargo Housing Market Index fell 1 point to 42 in July from the previous month , marking the lowest level since December. July's reading was lower than economists’ estimates of 43, per Bloomberg data.six-month low in MayMortgage rates have hovered around 7% this year. The national average on the 30-year fixed-rate mortgage fell to 6.89% last week from 6.
Indeed, a measure of sales expectations in the next six months was a positive note in the latest print: It increased 1 point to 48. Dave Ramsey reveals the 2 things that 'really cause' Americans to get their first $1M to $5M in net worthTFSA investors can rely on these Canadian dividend stocks to earn tax-free regular passive income for decades. The post TFSA Investors: 3 Dividend Stocks I’d Buy and Hold Forever appeared first on The Motley Fool Canada.
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