PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

Former LandCastle Title CEO was Johnson's attorney and "trusted advisor"

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time
W S
The Ticker

Homebuilders posed for pullback

Recent activity on Wall Street indicates sector weakness

Homebuilder
/ Print / Reprints /
| Share More
/ Text Size+

Given the recent swift increase in 10-year US Treasury yields, mortgage rates jumped nearly 100 basis points from their April 2013 lows of about 3.5% to around 4.5% in July. This was due mostly to a recent statement by the Federal Reserve that they might consider tapering their bond purchases in the near future due to the economy "starting to show signs of improvement."

This rise in borrowing costs seems to have made investors nervous and caused bond prices to tumble as yields jumped higher. But the real story to watch is the share price of the homebuilders. They are poised to feel the brunt of this market fear.

Source: Seeking Alpha
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus