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Homebuilder sentiment continues downward spiral amid spike in mortgage rates

Por: Fox Business Business October 17, 2023

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Redfin CEO Glenn Kelman analyzes the state of the housing market after mortgage rates surged past 7% on 'Cavuto: Coast to Coast.' Confidence among builders in the plunged for the third straight month in October as a spike in mortgage rates continued to weigh on consumer demand for new homes. The National Association of Home Builders/Wells Fargo Housing Market Index, which measures the pulse of the , fell five points to 40, the lowest... + full article



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