Amid High Interest Rates and Inflation, American Homeowners Would Rather Renovate Than Buy a New Home [Yahoo! Finance]
Discover Financial Services (DFS)
Last discover financial services earnings: 4/22 05:35 pm
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Source: Yahoo! Finance
RIVERWOODS, Ill., May 06, 2024 BUSINESS WIRE Discover Home Loans recently conducted a survey to determine Americans' intentions for their homes, and whether they are choosing to renovate their current property or buy a new house that better fits their needs and personal style. The survey found high interest rates are having a profound impact on American homeowners. 84% who were planning to buy a new home say interest rates have affected their decision. Of those impacted, 46% indicated they are no longer looking, 35% are less committed in their search and 30% have lowered their budget. For most in this group, rates would need to fall significantly with 66% of respondents planning to wait for 30-year mortgage rates to dip below 5% before they would seriously consider purchasing a home. "When the Fed does gain confidence that inflation is under control, rate decreases are likely to be modest and gradual," says Rob Cook, vice president of marketing at Discover Home Loans. "In the mea
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DFS
Earnings
- 4/17/24 - Miss
DFS
Sec Filings
- 5/14/24 - Form 8-K
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- DFS's page on the SEC website