That Could Result in a Rate Hike as Soon as Next Week Schwab Strategist on Fridays CPI
News Source : 24/7 Wall St.
News Summary
- A Schwab fixed-income strategist and a Wharton finance professor are both saying the same unsettling thing about next week's Fed meeting.
- Friday's CPI report could make their case impossible to ignore.
- Freddie Mac’s 30-year fixed mortgage average rose to 6.76% on September 10, a fresh 52-week high and near the top of its trailing-year range.
- Horton ( NYSE:DHI | DHI Price Prediction ) is down 10% over the past month.
Quick Read D.R. Horton (DHI) and Lennar (LEN) have fallen 22% and 41% over the past year as surging mortgage rates crush homebuilder demand.
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