Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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