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Washington - Pressures Rise For Homebuilders As Rates Hit 7-year High

Nov 08, 2018 at 07:15 PM

Washington - Homebuilders took a beating Thursday as rising interest rates and home prices discourage potential buyers. Mortgage buyer Freddie Mac said Thursday that the average rates on 30-year, fixed rate mortgages hit 4.94 percent, a 7-year high. The average rate a year ago was 3.9 percent. Also Thursday, builder D.R. Horton said home deliveries in the first quarter will come in below...

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