According to Bloomberg, potential Fed changes are causing more investors to pull out of the U.S. market, with the foreign selling of U.S. long-term portfolio assets rising for the second straight month in June. Long-term portfolio assets usually include mortgages.
Bloomberg has more on what’s irking investors:
The net long-term portfolio investment outflow was $66.9 billion after a $27 billion net decline in May, the Treasury Department said in a statement today in Washington. Net selling of long-term Treasuries by private foreign investors increased to $40.1 billion from $29 billion the prior month, the department said.
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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