Patrick T. Fallon/Bloomberg Still, homebuilder confidence held in September at the highest level in almost eight years. The National Association of Home Builders/Wells Fargo confidence index registered 58 this month, matching Augusts revised reading as the strongest since November 2005, according to a report yesterday from the Washington-based group. Federal Reserve policy makers, while considering today whether to taper $85 billion in monthly bond buying, confront a drop in demand for home loans that argues against a cut to their mortgage bond purchases. A surge in mortgage rates to two-year highs has undercut borrowing, pushing down refinancing by more than...
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http://www.bloomberg.com/news/2013-09-18/fall-in-home-loans-pushing-fed-away-from-taper-in-mortgage-bonds.html
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