Posts Tagged ‘mortgage rates’
Big Orange; Home Depot 1Q results soft on weather – outlook a positive signal for housing
Home Depot (HD) 1Q14 results reflect a benefit to earnings, net of tax, of $61m from a sale of a portion of the company’s equity ownership in Home Depot Supply Holdings (HDS). Exclusive of this gain, HD reported EPS of $0.96 relative to consensus estimates of $0.99. A miss in a difficult to predict quarter…
Read MoreRefinancing Activity Hits New Highs – Conditions now in Place for the Housing Market to Turn
Reports have recently been popping up that 30-year fixed mortgage rates in the US have approached 4%. This is a new low for the cycle. Much of the analysis I have read regarding mortgage rates is that they do not matter. The rational goes something like this: since mortgage rates have come down from the…
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