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Long-term Mortgage Rates Reach Their Lowest Level This Year
Mortgage Rates Drop Leading to Increased Purchase Applications
Canfor Cut at Scotiabank on yet Another U.S. Tax on Canadian Lumber
Mortgage Rates Largely Flat Amid Affordability Hurdles
Mortgage Rates Fall After Six Weeks of Gain
Long-term Mortgage Rates Surpass 7% for the First Time Since May 2024
TWIMO (151403908) : one more data point to note overall market weakness moving forward yea?
10baggerbamm OP TWIMO (151403908) : well the home builders they are directly correlated to interest rates so if interest rates would go lower and that's what president Trump has been saying interest rates must go down they're too high if interest rates fall this ETF is going straight up .
the housing market is constraint by the fact that homeowners don't want to sell their house with a 4% or a 3.5% fixed rate and go buy a smaller house in a different area and have a plus percent 30-year rate so that's the quandary right now that limits the supply also you've got 20 million illegals in this country courtesy of Biden you're finding out through Doge that that scumbag Biden gave illegals money to buy houses as a grant so whatever the terms were live here for 2 years and it's yours you know they made it very friendly to them pretty nice president huh fuck homeless veterans buy illegal aliens houses and cars that's what Biden did..
so yeah a president Trump's successful in getting all these illegals out of the country you're going to have a huge amount of houses become available which doesn't help interest rates but it does help the supply issues.
regard to toll Brothers they said they had one very large commercial project that got pushed off and that's why they had like I guess a top line miss it close the next quarter not this quarter
but they're also a home builder as well in their light and their guidance for building houses because of interest rates
TWIMO (151403908) 10baggerbamm OP : Give me an opportunity to take politics out… anyone who gets an economic uplift will spend more. multiply that by X and it starts to snowball. The problem with many government is the officials don’t know how to increase wages. Unlike Singapore that brings in high income industries and push out competitive wages industries to its neighbouts… There’s a win-win in there even the citizens are happy to travel an hour for work.