Mortgage Rate Projections for the Week – July 24th, 2023
The National Association of Home Builders Sees Positive Outlook In July, the National Association of Home Builders (NAHB) reported a one-point gain in home builder confidence, with an index reading of 56. This surpassed analysts' predictions of 57 and also marked a rise from June's reading of 55. The index reading above 50 indicates that most home builders remain confident about the current U.S. housing market conditions. It's worth noting that home builder confidence has been on the rise for the seventh consecutive month. Mixed Component Readings The NAHB's Home Builder Confidence Index had mixed component readings for July.…