Mortgage rates roughly unchanged W/W, but down from 2024-peak

Mortgage rates were almost flat from last week, but down from their peak level in 2024. 30-year fixed-rate mortgages averaged 6.78% as of July 25, down from 6.81% a year ago. Freddie Mac Primary Mortgage Survey says rates are down 0.5% from 2024-peak level.

Should You Invest in the Consumer Discretionary Select Sector SPDR ETF (XLY)?

New Home Sales Unexpectedly Fall To 7-Month Low

Housing Market Crash Is On The Horizon

Should You Invest in the iShares U.S. Home Construction ETF (ITB)?

Existing Home Sales Fall Further As Median Price Reaches Record High

Existing home sales fell for a fourth straight month in June as the median price reached a new record high. The median price for existing homes reached a record high in June, climbing to $426,900, the fifth consecutive monthly rise. Exexisting home sales are down 5.4% compared to one year ago.

ITB, DHI, LEN, NVR: ETF Outflow Alert

Home Construction Company PulteGroup's Q2 Revenue and Earnings Soar Despite Rising Interest Rates: Details

PulteGroup, Inc. Shares are trading higher after the company reported second-quarter FY24 results. Revenue rose 10% Y/Y to $4.60 billion. The company's backlog of homes was $8.1 billion at the end of the second quarter.

5 Top-Performing ETF Areas of Last Week

September Rate Cut Bets Drive Down Mortgage Rates: ETFs in Focus

Weekly Report: what happened at ITB last week (0715-0719)?

5 ETFs Making the Most of the Great Market Rotation

Where Investors Are Starting To Turn Their Attention As Big Tech Loses Steam

MoneyTalk's Anthony Okolie talks with David Sekera, Chief U.S. Market Strategist with Morningstar Research. Sekera says the US markets are starting to strayed "pretty far into overvalued territory" The rotation out of big tech and into smaller-caps has been losing steam.

Builder D.R. Horton Beats On Q3 Earnings, Authorizes $4B Stock Buyback, Tightens FY24 Home Sales Forecast & More

D.R. Horton, Inc. Shares are trading higher after the company reported third-quarter FY24 results. Sales grew 2% Y/Y to $10.0 billion, beating the consensus of $9.77 billion. The company repurchased 3.0 million shares of common stock during the quarter.

Mortgage rates edge down from a year ago, but purchase demand remains low

Mortgage rates edge down from a year ago, but purchase demand remains low. 30-year fixed-rate mortgage fell to its lowest level since mid-March. Freddie Mac Primary Mortgage Survey: Homebuyers have yet to respond to lower rates, as purchase demand remained low.

Thursday's ETF Movers: ITB, COPX

Better Than Expected Housing Data, But Starts And Permits Remain Weak

Can Homebuilder Stocks Build on Their Huge Rally?

Economic Update - Q2 2024

Home Market Outlook Economy Analysis Economic Update - Q2 2024. The US economy is still growing but growth has slowed and signs of weakness are apparent. First quarter US real GDP figures came in at a 1.4% annual growth rate. Low savings rates and rising credit card delinquencies bear watching for a potential pullback in consumer spending. The Housing market has felt the effects of higher interest rates.

How Are Financial Markets Really Doing?