Shares soar after Raymond James upgrades the stock to strong buy from outperform.
Applications for new home loans increased by 2% last week, as the average fixed interest rate on a 30-year conventional mortgage rate fell to a three-year low, the Mortgage Bankers Association says.
The Federal Reserve Bank of New York's Survey of Consumer Expectations released Monday shows consumers in August saw a higher perceived probability of losing their jobs, and they are reducing expectations for home prices, income and earnings from savings accounts.
Swings in global interest rates, partly a result of the U.S. trade tensions in China, appear to be holding back some would-be borrowers, a new report from the Mortgage Bankers Association says.
Mortgage applications decreased by 6.2% during the week ended Aug. 23, according to the Mortgage Bankers Association, disrupting a recent boom in refinancing activity spurred by falling U.S interest rates.
They're the kind of names, along with a big dollop of cash in my portfolio, I plan to wait out the 'trade wars'.
Adjusted gross margin in Toll's fiscal third quarter was 23.1% vs. 24.3% a year ago.
U.S. existing-home sale rise as expected in July, but the chief economist for the National Association of Realtors says that a shortage of properties on the market is putting upward pressures on prices, eliminating some of the benefits from a recent drop in mortgage rates.
U.S. applications to refinance mortgages rise 0.4% during the week ended Aug. 16, to the highest since 2016.
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