Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
A Banner First Half For Homebuilders As Mortgage Rates Fall
FYI: After a very weak second half of 2018 due to rising mortgage rates, the S&P 1500 Homebuilder group has rallied 35% in 2019 to a new 52-week closing high as of last Friday. Below is a chart of the S&P 1500 Homebuilder group vs. an inverted look at Bankrate.com's 30-year national average fixed mortgage rate. The Homebuilder group bottomed right around the time that mortgage rates peaked, and they've been rallying as mortgage rates have been falling. Regards, Ted https://www.bespokepremium.com/interactive/posts/think-big-blog/a-banner-first-half-for-homebuilders-as-mortgage-rates-fall
