Interest rates remain high and heavy
$Direxion Daily 20+ Year Treasury Bull 3X Shares ETF(TMF.US$ The housing market index, which shows the sentiment of American homebuilders, unexpectedly declined to 43 in JuneYear-to-date low levelIt became. Mortgage interest rates, which remain high, are discouraging prospective purchasers, and demand forecasts have deteriorated. The sales outlook index continued to decline, and both the Prospective Purchase Index and the Current Status Index reached the lowest level this year. Also, the percentage of builders who responded that they had lowered housing prices this month was 29%, making it the largest since January. Meanwhile, last week's 30-year mortgage interest rate was the first time since MarchIt fell below 7%。
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