Housing may be on the mend: Home sales dipped in January, leading to concerns about the health of the broader economy. But with the Federal Reserve likely to keep interest rates on hold for the foreseeable future, there are hopes that the housing market will start to rebound. Confidence rose in February thanks to a dip in mortgage rates, which have dropped along with long-term bond yields this year. Mortgage rates have fallen even further lately thanks to the Fed, as well as concerns about China's economy and the latest Brexit drama. "The housing market is benefiting from stock market volatility," said Odeta Kushi, deputy chief economist with First American.

Source: CNN March 17, 2019 11:03 UTC