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Is the Stock Market Getting Ahead of Itself? (EP.293)
Animal Spirits Podcast
What's Happening in the US Mortgage Market?
Rates came from 7 to 6 and people decided to get back in. I think that's the thing with the home builders because rates change so quickly. That's why it's easier for them to pay down rates as opposed to cutting prices, which is a weird dynamic. 11% of S&P 500 companies having reported 57% are beating earnings,. It's actually well below the 70%. 61% are beating on revenues, which is lower than the 69% average. The best you can lock in for five years, but generally pretty expensive to do so. At the best people would lock in rates for one to three years. Most people are floating or rolling off of their fixed rate.
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