August New Home Sales Fall

Expectations of the Federal Reserve beginning the first in a series of rate reductions kept potential home buyers in a holding pattern in August.

U.S. Homebuilder Stocks Surge

Homebuilder stocks have surged as investors expect these companies to thrive from lower mortgage rates and a boost in building activity.

Average 30-Year Rate Slips to Lowest in 2 Years

The rate on a 30-year mortgage dipped to 6.08% from 6.09% last week. The rate averaged 7.31% a year ago. Rates on 15-year fixed rose to 5.16% from 5.15%.

Hurricane Helene: Disaster Relief Fund Now Open

The storm is expected to make landfall on Thursday evening and could intensify to a strong Category 3. More than a dozen counties are under evacuation orders.