Homebuilder Sentiment Goes Negative For First Time In 7 Months, Mortgage Rates UP 152%

U.S. homebuilder confidence dipped to 45 in September amid a 152% rise in mortgage rates. The index’s drop, which followed a 6-point decrease in August, indicates growing caution. Concurrently, the Federal Reserve’s balance sheet surpasses $8 trillion due to Covid-related measures.