XHB News and Press, SPDR Series Trust Homebuilders From 09/05/23

2023-09-05 23:45:00 ET Summary The ADP and Labor Department data came into alignment last week, but all three jobs reports were more subdued than expected. In addition to the monthly payroll report, the Labor Department is also expected to dramatically reduce past statistics for o...

2023-09-04 10:25:00 ET Summary Thirty-year mortgage rates were over 7 percent at the end of August 2023, a level not seen (other than two isolated weeks) since 2002. Interest rates are higher due to the Federal Reserve’s increases in rates from their near-zero levels. T...

2023-09-04 05:50:00 ET Summary Spending on construction projects for manufacturing plants in the US started breaking out of its long doldrums in January 2021. Total non-residential construction spending, which includes spending on manufacturing facilities, has surged as well, but ...

2023-08-31 12:24:29 ET More related to mortgages: Bond Market Expectations: Slow Growth And Moderate Inflation Trading U.S. Interest Rates Ahead Of Fed Meeting Thursday's economic calendar Markets coming around to 'higher for longer' stance on interest rates ...

2023-08-31 12:19:18 ET More related to mortgage rates Bond Market Expectations: Slow Growth And Moderate Inflation Trading U.S. Interest Rates Ahead Of Fed Meeting Thursday's economic calendar Markets coming around to 'higher for longer' stance on interest ra...

2023-08-30 20:40:00 ET Summary The national average of a 30-year fixed rate mortgage is at the highest level in over 20 years. Rates for new mortgages are especially elevated relative to rates on already outstanding mortgages. Last week’s update on the national average ...

2023-08-28 22:26:00 ET Summary Since many variables influence housing prices, assessing residential real estate as an asset class is a complicated endeavor. Residential real estate prices are influenced by either fundamental supply and demand imbalances or simple speculation. ...

2023-08-24 20:55:00 ET Summary The new era of “higher for much longer.” The 40-year bond & mortgage bull market died in late 2020. Today, Freddie Mac’s weekly measure of the average 30-year fixed mortgage rate hit a two-decade high of 7.23%. In terms o...

2023-08-24 12:19:16 ET More on mortgage rates Bond Market Expectations: Slow Growth And Moderate Inflation Trading U.S. Interest Rates Ahead Of Fed Meeting WisdomTree’s Kevin Flanagan says the US10Y will remain elevated in the near-term Treasury yields...

2023-08-24 08:00:00 ET Summary The available supply of existing homes has plummeted, while U.S. mortgage rates have risen and demand has remained relatively high. Existing homeowners, many of which financed their houses at very low mortgage rates in recent years, have become "trap...