Confidence matters more than mortgage rates in housing, and confidence just took a hit

Posted from: https://www.cnbc.com/2019/08/16/kb-home-ceo-says-confidence-matters-more-than-mortgage-rates.html

Mortgage rates have been falling sharply over the last three months, which should be incredibly positive for the housing market, but so far reaction has been muted in both home sales and new home construction….