According to recent news U.S. mortgage rates dropped for a second week, keeping borrowing costs at a four-month low of 4.1% from 4.13%. The Federal Reserve said that it will continue to buy back $85 billion in monthly bond buybacks. Consumer confidence declined at the start of October as a result of the debt ceiling negotiations in Washington which also resulted in hikes in mortgage rates. Home Depot, one of the largest retailers of home improvement and construction products and services were also affected by the events above.
Home Depot has a direct relationship with the housing sector because of the nature of the products and services it provides. The improvement in the housing industry is a good sign for investors to consider this company as an opportunity for investment.
There are a few positive signs that indicate that the housing sector will improve in the coming future
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