"The builder stocks are highly sensitive to mortgage rates and mortgage rate expectations. Inflation expectations are higher now, which impacts long-term rates," said John Burns, CEO of John Burns ...
The housing market was beginning to thaw as mortgagerates fell in September to a two-year low. But in the past few weeks, borrowing costs have surged, by one measure even crossing 7% and raising ...
Under this scheme, mortgagerates were capped at 8%, fuelling a boom in the property market. However, the surge in house sales resulted in a spike in inflation, which hit 9.1% in July. The ...
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