Investors wary of rising mortgage rates despite strong builder confidence

By Sagarika Jaisinghani (Reuters) – An odd thing happened after data released Tuesday showed that the homebuilder confidence index rose to its highest level in almost eight years – housing stocks barely moved on the news. Wary of rising mortgage rates, investors are choosing to stay on the sidelines rather than celebrate indications of a firming economic recovery. Homebuilder confidence rose in July to its strongest level in 7-1/2-years as tightening supply and solid demand fueled the sector’s recovery, data from the National Association of Home Builders released on Tuesday showed. …
Personal Finance News Headlines – Yahoo! News

Short URL: http://globalnewsmagazine.com/?p=1853

Posted by on Jul 23 2013. Filed under FINANCE. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

Comments are closed

Photo Gallery

Log in | Designed by Buy Websites

Disclaimer : All content including images in this site is copyright to their rightful owners. No copyright infringement is intended.