LGI Homes CEO sees demand staying strong as mortgage rates tick up

LGI Residences Chairman and CEO Eric Lipar advised CNBC on Friday he believes housing demand will remain robust even in the facial area of increasing home finance loan fees.

A working day before, Freddie Mac reported the thirty-year fastened-price home finance loan arrived at its maximum level due to the fact July just after eclipsing three%. And on Wednesday, the Mortgage Bankers Association’s seasonally adjusted index confirmed total home finance loan application volume was essentially flat very last 7 days.

The housing sector has been just one of the vibrant places of the U.S. overall economy during the coronavirus pandemic, sparked in component by improved geographic versatility and record-low borrowing fees. But a latest go larger in U.S. Treasury yields has led some to ponder the implications for residential true estate.

“Still true robust demand that we’re observing in the housing sector,” Lipar claimed in an interview on “Closing Bell.”

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