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| Name | Mortgage rates: 'The consumer recognizes rates in the 5 or 6's is really good,' Taylor Morrison CEO |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 01-03-2024 13:00:15 |
| Video Discription | According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume dropped 5.6% last week from the previous week. The average 30-year mortgage rate continues to float above 7%, disincentivizing potential homebuyers. Taylor Morrison (TMHC) CEO Sheryl Palmer joins Yahoo Finance to discuss how the housing market has dealt with the volatile rates. Palmer suggests consumer tolerance is growing: "The consumers have come a long way in the last year, 18 months, when rates were flirting at the 7%. The difference from where we are today to where we were then is, back then they were still hoping rates would go back to 4%. I think the consumer has met us kind of in the middle, recognizing that rates in the fives or sixes is actually, from any kind of long-term historic perspective, a really good rate." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance IFnbuP2HsnU |
| Category | News & Politics |
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