"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 ...
A dip in mortgagerates fueled an unusually strong fall season for Portland-area home sales. The median Portland-area home sold for $540,000 in October, declining slightly from the prior month as ...
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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