Homebuyers turn to ARMs as rates hover above 7% for third straight week [Yahoo! Finance]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Yahoo! Finance
Mortgage rates haven't shown signs of edging under 7% anytime soon, pushing buyers toward alternative financing options to strike deals. The rate on the 30-year fixed mortgage increased to 7.22% from 7.17% the week prior, according to Freddie Mac. Rates have risen more than half a percent since the first week of the year and have hovered above 7% for three straight weeks. It remains unclear when borrowing costs might start to ease, given the Federal Reserve's decision this week to hold benchmark rates steady and keep them higher for longer. Though the Fed doesn't directly impact mortgage rates — market reactions do. For would-be homebuyers hoping to purchase this spring, climbing rates have been a significant obstacle. Still, many are pushing forward by scouting financing incentives like temporary buydowns or adjustable-rate loan options. “People are interest-rate sensitive,” Sean Dycus , real estate agent at Mainstreet Properties told Yahoo Finance. “We may not have 4% inter
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DHI
Earnings
- 4/18/24 - Beat
DHI
Sec Filings
- 5/10/24 - Form 4
- 5/6/24 - Form 4
- 5/6/24 - Form 144
- DHI's page on the SEC website