The average rate on a 30-year fixed mortgage in the U.S. increased earlier last week after President Donald Trump announced that the U.S. naval blockade outside the Strait of Hormuz will stay in place until there is a suitable agreement with Iran to end the war.
As we keep noting by the facts; there is no relationship between Wall Street and Main Street, and by the facts and statements made by President Trump and his administration, they keep doing all they can to rig the equity markets.
Construction began in March on 1.502 million new homes in the U.S., a 10.8-percent increase from February, when housing starts declined by 3 percent to 1.356 million, the U.S. commerce department reported.