"Homebound Boost: Mortgage Rates Drop, Stocks Rise, and Home Sales Soar"
TL;DR
The gap between mortgage rates and the rates Americans are actually paying is at its widest since the early 1980s, making it difficult for homeowners to move. However, a money manager suggests that four stocks could benefit from this trend in the housing market. Today's economic data includes inflation and the latest Fed minutes.
- Here are four stocks that benefit from people being stuck in their homes MarketWatch
- Homebuyer mortgage demand jumps after interest rates drop to two-month low CNBC
- Mortgage Application Volume Responds Quickly to Recent Rate Drop Mortgage News Daily
- Current mortgage rates are up from this time last week MarketWatch
- Falling Mortgage Rates Set To Boost Home Sales By More Than 200,0000 Forbes
Want the full story? Read the original reporting
Read on MarketWatch