And we start off with the latest headache for the housing sector. The XHB homebuilder ETF dropping another 2% today, hitting its lowest level in over two months. The ITB construction ETF on pace for its worst week of the year.And some of the biggest names in the space, down 10% or more since Monday. And while mortgage rates are down from their highs of the year, they remain stubbornly stuck above 6%. So, is there anything other than a major move lower in rates that could get builders climbing again.Guy, wha ...

Core Viewpoint - The housing sector is facing significant challenges, with major homebuilder ETFs experiencing declines and mortgage rates remaining above 6%, impacting builder performance and stock prices [1][4][10]. Group 1: Market Performance - The XHB homebuilder ETF has dropped 2%, reaching its lowest level in over two months, while the ITB construction ETF is on track for its worst week of the year [1]. - Major homebuilders like DHI, PY Homes, and Toll Brothers have seen stock declines of 10% or more since Monday, indicating a broader market downturn [2]. - The ITB is down 20% from its all-time highs, suggesting underlying issues in the housing market [12]. Group 2: Mortgage Rates and Builder Strategies - Although mortgage rates have decreased from their highs, they remain above 6%, which is a significant barrier for builders [1][11]. - Builders are reportedly buying down an average of 100 basis points in mortgage rates, effectively lowering rates to below 5.5%, but this strategy is margin destructive [4][10]. - The structural profitability problem in the housing industry is exacerbated by increased input costs and labor issues, making lower rates insufficient to improve profitability [10][11]. Group 3: Inventory and Pricing Pressure - There is an observed increase in inventory across various regions, which is expected to put pressure on pricing and subsequently affect stock performance [3][4]. - New home prices are reportedly cheaper than existing homes for the first time, indicating a shift in market dynamics [9]. Group 4: Broader Economic Implications - The current challenges in the housing market may be indicative of broader economic issues, including potential tariff implications on earnings and supply-side dynamics affecting corporate margins [8][10]. - The home improvement sector may see activity pick up if mortgage rates decline, presenting a potential area of interest for investors [10][12].

Mortgage rates in the US resumed their downward path, falling for the first time in three weeks https://t.co/7GRcTUDMW9 ...

Heard on the Street: A small drop in mortgage rates in recent weeks triggered an outsize response from borrowers https://t.co/xYGgtihuUj ...

Core Viewpoint - Peter Schiff warns of a potential housing crisis due to rising mortgage rates and inflated home prices, suggesting that many homeowners may default on their mortgages and "mail in their keys" [2][3]. Group 1: Housing Market Dynamics - Schiff attributes the high housing prices to historically low mortgage rates, which allowed buyers to afford higher prices [2]. - The current situation shows a mismatch where mortgage rates have increased significantly, but home prices have not adjusted downward accordingly [2][3]. - This disconnect is expected to lead to a housing emergency, with defaults increasing as homeowners struggle to sell their properties for more than they owe [3]. Group 2: Homeowner Behavior - Many homeowners are currently reluctant to sell due to locked-in low mortgage rates, which has reduced selling pressure in the market [3]. - However, eventual life changes such as job relocations or financial strain will force some homeowners to sell, potentially at a loss [3]. - Schiff predicts that this could trigger a "cascading effect" throughout the housing market as more homeowners opt to default [3].

President calling out the homebuilders in a new truth social post saying the FHFA can help. But Kennet, our Diana Ol has that story today. Hey Diana. Hey Carl.Yeah. President Trump posted that the homebuilders have to start building homes. They're sitting on 2 million empty lots.A record. He said, "I'm asking Fanny May and Freddy Mack to get big home builders going and by doing so help restore the American dream." Now, FHFA director Bill Py, who oversees Fanny and Freddy, posted that he would do just that. ...

Recent surveys of lenders and real estate agents indicated that mortgage rates would need to fall to 5.75% to unlock the housing market from its current frozen conditions. https://t.co/ph3Mm3f0Ho ...

[Music] All righty, live pictures from the floor of the New York Stock Exchange and the NASDAQ market site as we wrap up this Thursday of Trading Market Domination overtime giving you full coverage with all the moves, get you up to speed on the action from today's trading Yahoo Finance. Jared Licker standing by to break it all down. Jared, I I think we held on.>> Yes. >> I think I I I can barely I think it's 006. Is that what I'm saying here.>> My glasses need to be checked. >> Yes. S&P 500 uh we'll start w ...

Did you miss the boat on 3% interest rates. Well, you can still find that cheap rate in some parts of the country, like in Texas, where this home builder is offering under 2% the first year, under 3% the second year, less than 4% in year three, and less than five for the rest of the mortgage. It's the latest play by some home builders to attract buyers with such deals in a slow market.In fact, 65% of them offered some sort of incentive last month, according to the National Association of Homebuilders. The h ...

Core Insights - A government shutdown has occurred due to partisan budget negotiations, impacting bond investor activity and potentially lowering mortgage rates while challenging the housing market [1] - The 10-year yield, which correlates with common mortgage types, decreased to 4.1% from 4.15%, influenced by a slow private payroll report [2] - Experts warn that prolonged shutdowns could raise concerns about U.S. debt credit quality, leading to higher bond yields and mortgage rates [3] Government Sponsored Enterprises (GSEs) - Fannie Mae and Freddie Mac have implemented workarounds for borrower data verifications, allowing for flexibility in the mortgage process during the shutdown [3][4] - These GSEs are also permitting servicers to extend forbearance to borrowers affected by the shutdown [4] Federal Housing Administration (FHA) - The FHA's Office of Single Family Housing announced limited operational capacity for some mortgage insurance programs during the shutdown [5] - The FHA's operational decisions are guided by legal frameworks established by the U.S. Constitution and other statutory provisions [6] Flood Insurance and Lending - The American Land Title Association highlighted the lack of authorization for federal flood insurance, which affects millions of Americans and jeopardizes home sales [6] - Regulatory agencies have re-released guidance allowing lenders to continue making loans subject to federal flood insurance statutes, even when the National Flood Insurance Program is unavailable [6][7] - Lenders are advised to evaluate safety and soundness and manage legal risks during the shutdown period [7]