Transcript
A (0:00)
With a CNBC YOUR Money minute. I'm Jessica Ettinger. A sluggish start to the 2026 home buying season. And as the Trump administration screams that America needs more housing and it takes steps to make it easier to build homes, the home builders are struggling to sell what's already built.
B (0:18)
The builders are just dealing with too much completed units of supplies to get anything going with housing starts or permits in 2026 that might be a 2027 story.
A (0:28)
Housing Wire's Logan Motashami also tells CNBC that if you're looking to buy a home and you don't want a mortgage with a 6% interest rate, go for new construction because builders can get you a lower rate loan.
B (0:41)
They're in a sub 6% mortgage market rule as the builders are paying down for rates. The existing home sales market just doesn't have that kind of mortgage marketplace
A (0:49)
and Motashami says would be Homebuyers eyeing existing homes seem to be waiting for home loan rates to get back at least down to six. They were under 6%, according to Mortgage News Daily the day before the US sent missiles into Iran.
B (1:04)
As long as you just get rates near 6% with less volatility. We had that before the uranium conflict started. Rates that shot up from 5.99% up to 6.64%. Rates could just get back down to near 6% with less volatility. We could probably get some growth in the existing home sales market this year.
A (1:22)
More on the spring home buying market. @cnbc.com I'm Jessica Ettinger. CNBC
C (1:29)
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