What is driving the rise of Maan Aluminium Limited (MAANALU) ✌️【Investment Tools】✌️ Free access to professional investment advisors who provide real-time market data and trend analysis. Select top-performing stocks and boost your capital with expert strategies for market growth. What is driving the rise of Maan Aluminium Limited (MAANALU) - Free Real-Time Stock Data ✌️【Investment Tools】✌️ Expert market analysis and predictions for India, US, and European stocks. Stay updated with real-time data on stock indices, futures, and commodities to help you make informed, timely investment decisions.

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What is driving the rise of Maan Aluminium Limited (MAANALU) ✌️【Investment Tools】✌️ Precise stock market trend predictions with free real-time quotes for India, US, and European stocks. Whether you're looking for short-term gains or long-term growth, our expert advice ensures you make the best investment choices. The 30-year fixed-rate mortgage fell to an average of 7.03% in the week ending December 7, down from7.22% the week before, according to data from Freddie Mac released Thursday. A year ago, the average 30-year fixed-rate was 6.33%

What is driving the rise of Maan Aluminium Limited (MAANALU) ✌️【Investment Tools】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. The survey includes only borrowers who put 20% down and have excellent credit. A current buyer’s ratemay be different.

“Although these lower rates remain a welcome relief, it is clear they will have to further drop to more consistently reinvigorate demand,” said Sam Khater, Freddie Mac’s chief economist.

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Bob Broeksmit MBA’s CEO, said the increase was a strong indication that borrower demand is rising as a result of the recent decline in mortgage rates.

“The market outlook continues to improve as 2023 closes, with mortgage rates now down almost a full percentage point from their recent highs a few months ago,” he said.

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Despite dropping rates being a promising break for homebuyers, only 14% of consumers believed it is a good time to buy a home in November, a record low, according to the monthly Home Purchase Sentiment Index from Fannie Mae.

Pessimism regarding the state of the housing market has been persistent, with the share of consumers saying it is a “bad time to buy” breaking records several times this year – including in November, said Doug Duncan, Fannie Mae’s chief Economist.

“Each time the pessimism could be attributed to high home prices and high mortgage rates,” Duncan said.

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“At the same time, consumers have expressed a reduced sense of financial security, with fewer respondents reporting household income growth over the year and a higher percentage saying their incomes remained the same,” said Duncan.

Inflation has dropped significantly in reaction to the Federal Reserve’s historic rate hikes of the past two years.

Investors and analysts are eying next week’s Fed meeting for hints about the Fed’s monetary policy stance in 2024.

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Following the October job openings data, which showed some cooling in the labor market when it was released on Tuesday, the 10-year treasury yield dropped to its lowest level in three months.

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“Looking ahead, we predict that sustained improvement in inflation will bring the mortgage rate down to 6.5% by the end of 2024,” said Xu. “Nonetheless, as mortgage rates stay elevated, ongoing high housing costs indicate that the cooling trend in the nationwide housing market is likely to persist.”

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