Low Mortgage Rates Brighten Homebuilder ETFs’ Outlook
Nasdaq, Feb. 15, 2019–Sweta Killa
According to the Mortgage Bankers Association Builder Application Survey, mortgage applications for new home purchases remained unchanged in January from the year-ago month and increased 43% from December. After two lackluster months, new home sales surged almost 30% last month to the fastest pace since the survey began in 2013.
