Techdamentals
Oct 22, 10:45 PM
$DHI is one of the largest U.S. homebuilders, building for a market where buyer affordability depends heavily on mortgage rates, a cost connected to, but not set by, the Fed's own rate discussed in this story.
Mortgage pricing is set off different benchmarks than the Fed's overnight rate, so a Fed hike does not mechanically raise mortgage costs the same week, as this story explains.
With growth forecast at a modest 2.3% this year and inflation expected to stay elevated through the decade's end, the broader backdrop for a builder like this one remains mixed rather than clearly one direction.
Full explainer, plain English: https://youtu.be/AuAcF3-wbDc
Educational, not advice.
https://techdamentals.com/newsletter/why-is-the-fed-raising-rates-again?ref=st
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