Reported 12 months ago
Mortgage rates have increased this week, with the 30-year fixed rate at 6.86%. RJ Assaly from Toggle AI discusses the housing market, mentioning that interest rate cuts from the Federal Reserve could make mortgages more affordable, leading to increased demand for homes. Despite recent underperformance, Assaly sees opportunities in homebuilders, especially as lumber prices are starting to improve. He emphasizes that interest rate cuts will play a significant role in the housing market by incentivizing movement and boosting housing turnover.
Source: YAHOO