The Housing Market Index, which measures homebuilder confidence fell five points recently from 50, to 45, an indicator homebuilders are a little less bullish than they have been for most of 2023. One big reason, continued high interest and mortgage rates.
But if you’re a homebuyer in this environment, unless you’re one of the lucky few to be paying cash, you’re going to be required to pay Private Mortgage Insurance (PMI) in your monthly mortgage payment. And that’s where Enact (ACT) makes its living.
