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- U.S. existing home sales in focus – Rabobank
U.S. existing home sales in focus – Rabobank
Rabobank's analysts say the U.S. existing home sales will be scrutinized for any warning signals that perhaps buyers have turned more cautious.
- “With the Fed cutting rates, lower mortgage rates should support demand. That said, demand could be restrained by rising economic uncertainty caused by the ongoing trade war.
- Also, if a house buyer has a particularly strong conviction that the Fed is likely to lower interest rates further, he/she may postpone the house purchase to benefit from even lower mortgage rates. The consensus expectation is for a modest 0.7% m/m fall to 5.45mn in September following two months of strong prints.”
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