YAHOO FINANCE ELECTION GUIDE What the 2024 campaign means for your wallet NYSEArca - Nasdaq Real Time Price ? USD Dimensional International Core Equity Market ETF (DFAI) Follow 30.58 +0.28 (+0.91%) As of 2:50 PM EST. Market Open. Related ETF News How a Fed rate cut could fuel a home remodeling boom As the Federal Reserve's FOMC (Federal Open Market Committee) meeting approaches on Thursday, investors anticipate a potential interest rate cut. This could have significant implications for the home remodeling sector, which is expected to rise to $477 billion by 2025, according to Harvard University's Joint Center for Housing Studies. Angi co-founder Angie Hicks joins to discuss how a rate cut could boost the home remodeling space. Hicks notes that houses are the largest investment for most Americans, so "we need to make sure it fits our lifestyle." She explains that if rates were to come down, this would allow homeowners to tap into their home equity lines of credit (HELOCs) to invest in remodeling their homes to better suit their needs and preferences. Hicks offers several tips for those considering a home remodeling project: "identify your budget" and understand how much you're comfortable spending, create a timeline to maximize the value of your investment, and make sure to hire trusted professionals to get the job done. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Yahoo Finance Video ? 1 hour ago XHB XLRE Invesco Unveils Trio of Thematic ETFs in Europe The triple launch undercuts much of the competition. etf.com ? 1 hour ago PAVE KWEB CIBR QQQ Volatile on Mixed Mag 7 Earnings, SMCI Slower growth amid sticky inflation has equity investors concerned. etf.com ? 4 days ago QQQ SMH XLK Mortgage rates move higher for fifth week: What to know For the fifth consecutive week, mortgage rates have moved even higher. According to the latest data out from Freddie Mac, the average 30-year fixed mortgage rate now sits at 6.72%. Yahoo Finance housing reporter Claire Boston joins Brad Smith on Wealth to speak more the latest mortgage print and what recent inflation data is indicating about the Federal Reserve's next interest rate decision. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 5 days ago XLRE XHB US pending home sales grew by 7.4% in September US pending home sales rose 7.4% month-over-month and 2.2% annually in the month of September, as reported by the National Association of Realtors (NAR). Catalysts host Seana Smith breaks down the housing print as she notes regional trends. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 6 days ago LEN LEN-B TOL US home prices rise 4.2% annually in August to record high US home prices climbed to record highs in August, according to the S&P CoreLogic Case-Shiller National Home Price Index, rising 0.3% month-over-month and 4.2% annually. Yahoo Finance senior housing reporter Dani Romero details the latest home price print as mortgage rates have ticked up for four consecutive weeks, the 30-year fixed rate mortgage now sitting above 6.5%. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 7 days ago XHB XLRE Lower-income consumers are 'more choiceful' now: Strategist Several key consumer discretionary (XLY) companies, such as fast-food chain McDonald's (MCD), Royal Caribbean Cruises (RCL), and airline operator JetBlue Airways (JBLU), are all reporting their latest earnings results this morning. US Bank Asset Management Group Chief Investment Officer Eric Freedman comments on what earnings from these consumer-facing companies and CFO commentary is highlighting about the strength of the US consumer. "Basically the consumer is in a couple of different places — the middle-income and higher-income consumer is still very strong, still looking at experiential spending. And that's something that we don't think is going to go away," Freedman tells Seana Smith and Brad Smith on the Morning Brief. "We are seeing a more choiceful lower income consumer. This is true across both bottoms-up research we do, as well as the top-down data." The Conference Board reported consumer confidence to have jumped to 108.7 in October, a significant month-over-month boost from September's reading of 99.2. Freedman will be listening for chief financial officer comments around free cash flow, noting to investors: "We think you can pick up cash flow in areas like master-limited partnerships. Get a little bit of an inflation hedge on that way. We do think that the one thing we'd emphasize for clients that have shied away from tech is to get back involved again." While Big Tech earnings roll out this week, Freedman is watching for how companies are spending on tech and buying chips from OEMs (original equipment manufacturers). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 7 days ago XLY Blockchain ETF (BLOK) Hits New 52-Week High Blockchain ETF hit a new 52-week high lately on the bitcoin rally. Zacks ? 7 days ago BLOK Fidelity Debuts Pair of Paris-Aligned Sustainable ETFs Fidelity expands with high-yield Euro and U.S. dollar corporate exposures. etf.com ? 8 days ago FENY FUTY FTEC This REIT will benefit long-term from Fed rate cuts September's Personal Consumption Expenditures (PCE) index and October's jobs report are on the horizon for this week, with the Federal Reserve and investors anticipating what fresh economic data could mean for interest rates. Summit Place Financial Advisors founder and president Liz Miller joins Wealth! to share her perspective on current market dynamics as new inflation and labor figures pour out. "We're all living in a very precarious time going into this election, so, of course, that seems to dominate our thinking," she acknowledges. However, looking beyond the election noise, Miller points to the ongoing earnings season as relatively stable. "It's all going to be about the economics because what we really want to know is will the Fed be continuing to lower rates into the end of the year and what does that pace look like," she tells Yahoo Finance. With this outlook, Miller highlights Equity Residential (EQR) as an investment opportunity. She notes it is "the largest residential REIT," offering a 3.5% yield and positioned to benefit from lower interest rates. "As home sales and home activity picks up, this is going to be a continued beneficiary. So I think this is an easy buy for a two to three-year hold," Miller states. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Yahoo Finance Video ? 8 days ago XHB XLRE EQR Homebuyers still price sensitive as mortgage rates climb: Economist Mortgage rates rose for their fourth straight week, the 30-year fixed rate mortgage now sitting at 6.54%. Existing home sales also fell to a 14-year low, the National Association of Realtors reporting a figure of 3.84 million for the month of September. Market Domination welcomes Realtor.com chief economist Danielle Hale to talk about this week's wave of housing and mortgage data. "A lot of consumers were expecting mortgage rates to trend down for longer than they have. The economic strength that we've seen in... the most recent job market reading has caused a bit of a rebound in interest rates, including mortgage rates," Hale explains to Julie Hyman and Josh Lipton. "And so consumers have been a bit caught off guard. And we haven't seen the improvement yet. I think people were waiting for more and we just haven't seen that yet." Hale anticipates mortgage rates to sit just above 6% this time next year. Currently, she is seeing "extraordinarily resilient" home prices as new homebuyers pull out of their housing market searches. "And so that the fact that supply only just meets demand has kept prices relatively elevated. So I don't think we're going to see a lot of pricing relief unless we add a lot more construction," Hale tells Yahoo Finance. Hale expands the conversation to explain how homebuyers can improve their odds of a lower mortgage rate, as well as nationwide trends in rent prices. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 11 days ago XHB XLRE SEC Fines WisdomTree $4M for ETF Greenwashing Three now-defunct ESG ETFs invested in fossil fuel, tobacco, and coal mining. etf.com ? 11 days ago ESGU ESGD SUSA Mortgage rates rise for fourth week: How to secure a lower rate According to the latest Freddie Mac data, mortgage rates climbed to 6.54% for the week ending Oct. 24, marking the fourth consecutive week of increases. Yahoo Finance Reporter Claire Boston analyzes this ongoing trend, exploring the key factors driving mortgage rates higher and strategies for homebuyers to secure lower rates. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Yahoo Finance Video ? 12 days ago XLRE XHB New home sales climb in September: Top tips for homebuyers New home sales climbed in September, rising 4.1% from August and 6.3% year-over-year. Alliant Credit Union head of lending Dan Bauer joins Wealth! to break down the state of the housing market and some of his top tips for first-time homebuyers. "Housing demand is starting to increase, and we are starting to see a little bit of a lower interest rate environment as a result of recent Fed [Federal Reserve] rate cuts," Bauer tells Yahoo Finance. He notes that lower rates can lead to lower monthly mortgage payments, giving homeowners more buying power to explore options like more expensive homes in more desirable locations. As the Fed interest rate cuts become increasingly priced into mortgage rates, Bauer points to jobless claims and housing supply data as catalysts for mortgage rates to further decline. Follow along Yahoo Finance's breaking coverage of this week's mortgage rates. For those looking to buy a home, he encourages having a plan in mind and getting pre-qualified to understand what you're able to afford. He also suggests adjustable-rate mortgages, as they provide "an alternative in high interest rate markets with a lower initial interest rate and possibly the ability to refinance if rates drop in the future." Most importantly, he recommends evaluating how buying a home will fit into your long-term financial goals: "Creating a customized plan for you and your family is absolutely critical. Working with professionals like financial advisors, like a professional mortgage lender, and real estate experts in your market, are always fantastic advice for any first-time homebuyer." Watch the video above to hear some of the biggest trends among homebuyers. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Melanie Riehl Yahoo Finance Video ? 12 days ago XLRE XHB Amplify ETF Adds AI Tilt to Cloud ETF AIVC emerges from Amplify’s acquisition of ETF Managers Group. etf.com ? 15 days ago ROBO AIQ HACK What's in Store for Semiconductor ETFs in Q3 Earnings? Some well-known players in the semiconductor space will report earnings in the coming weeks. Let's delve into how semiconductor ETFs are poised. Zacks ? 15 days ago AMD INTC LRCX Looking for a Simple and Safer Way to Invest in the Chip Industry? This ETF Could Be Your Best Option This ETF has long outperformed the S&P 500. Motley Fool ? 16 days ago SMH NVDA Fed cut had 'psychological impact' on real estate: Redfin CEO US pending home sales surged 2.5% in September, marking the largest monthly increase in over a year and a half, according to a Redfin report. Redfin (RDFN) CEO Glenn Kelman joins Wealth! to share his insights on the current housing market dynamics. The 30-year fixed mortgage rate spiked to 6.44%, rising for the third consecutive week. Kelman emphasizes homebuyers' resilience in today's market, particularly their responsiveness to rate fluctuations. "We see people trying to lock a rate on a Friday before it goes up on a Monday," he explains. The Federal Reserve's September rate decision had a psychological impact, triggering what Kelman describes as a "change in the real estate industry." While acknowledging the impact of interest rates on housing affordability, Kelman points to some positive developments. Despite elevated median mortgage rates, monthly payments have decreased by an average of $300 since April, which Kelman says is helping to keep potential buyers engaged: "so people are still staying in the game." Looking ahead to the presidential election, Kelman doesn't anticipate immediate changes to the housing sector, whether under a Trump or Harris administration. Instead, he draws a parallel to the Federal Reserve's influence: "I think many people are waiting the same way they were waiting on the Fed. When the Fed made its cut, it didn't actually affect mortgage rates, but it did affect consumer psychology, and I think when the election is over, it won't actually immediately affect inventory home prices or anything like that, but it might affect homebuyer and home seller psychology." Kelman came on Yahoo Finance in September and commented on the US housing market and policy expectations from Vice President Kamala Harris and former President Donald Trump. Here's what he had to say: One thing Redfin's CEO would like to hear Harris, Trump address America has forgotten how to build homes: Redfin CEO To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Yahoo Finance Video ? 18 days ago XLRE RDFN XHB Housing affordability is getting tougher. Here's why and how. The average rate on a 30-year fixed mortgage rose for the third week in a row to 6.44%. As housing affordability remains a key issue for Americans, Market Domination Host Julie Hyman analyzes a Bloomberg Economics chart showing the percentage of monthly income homebuyers are putting toward mortgage payments. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Melanie Riehl Yahoo Finance Video ? 18 days ago XLRE XHB Homebuilder confidence hit 4-month high in October. Here's why. According to the latest data from the National Association of Home Builders (NAHB), confidence among home builders rose to a four-month high in October. Jim Tobin, NAHB CEO, joins Wealth! to break down the state of the housing market and how the election may impact home builders. Tobin explains that home builder confidence is up because of falling interest rates. He tells Yahoo Finance that the Federal Reserve's rate-cutting cycle "is really giving our members, and our survey members in particular, a feeling that we're on the backside of the bad news and that we are looking forward to a lower interest rate environment, certainly for mortgage rates in the future, and that the market is going to come back strong." As the election looms ahead, Tobin explains, "I travel all over the country, talk to builders and homebuyers everywhere. And there really is this kind of constriction in the market because of the political environment right now. Knowing who's going to be at the top of the economy and what kind of philosophy is going to take hold as far as the next four years, I think has really kind of put people in a bit of a pause here, even though rates have fallen." With so much uncertainty, he advises against waiting on the sidelines for Congress to act. While the Harris Campaign has promised incentives for both home buyers and builders, he explains that these plans will have to work their way through Congress, which could take a long time before coming into law. He adds that both candidates see housing — particularly supply — as a top priority. He particularly likes policies focused on supply more than on prices, like measures such as rent control. "I think anything that suppresses prices artificially and gets federal intervention into the marketplace, that scares me," he says. "I think overall, the fact that we've got both candidates talking about housing really earns them a lot of credibility in our builders' minds, and gives us opportunity that no matter who wins the white House, housing is going to be the top of their agenda," Tobin concludes. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Melanie Riehl Yahoo Finance Video ? 19 days ago DHI PHM XLRE Performance Overview Trailing returns as of 11/4/2024. Category is Foreign Large Blend. Return DFAI Category YTD +7.80% +13.08% 1-Year +17.97% +24.17% 3-Year +2.75% +4.29%
