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US home buying and selling activity has improved this year but only barely, with elevated mortgage rates still keeping many would-be buyers and rate-locked sellers on the sidelines. The frozen housing market keeps pressure on the Fed's rate-cut path, since sustained relief for housing demand hinges on lower 10-year UST yields feeding through to 30-year mortgage rates, a channel that also drives homebuilder equities and housing-linked consumer spending. Watch upcoming existing-home sales, mortgage application data, and the trajectory of long-end Treasury yields to gauge whether the thaw broadens or stalls.
As a Macro signal, watch whether it changes price action, volatility, or flows around DHI, LEN, GSPC.
Original Source: Yahoo Finance
This page is market information analysis, not investment advice.
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