U.S. home builder confidence falls to lowest since January

NEW YORK - Homebuilder confidence fell in October to the lowest levels since January, according to a report released Tuesday, signaling sky-high mortgage rates are weighing on construction firm optimism and potential buyer traffic.

Builder sentiment began sliding in August, the same month where rates on home loans reached above 7%. Amid the Federal Reserve’s rate-hike campaign, mortgage rates have steadily risen since last year, now remaining at a two-decade high. 'That blew up in my face': This college student lives free in her uncle's investment property — but still collects rent from her friends and pockets the cash. Is she 'greedy' or resourceful?

Canada's annual inflation rate edged down in September, increasing 3.8 per cent compared to a 4 per cent increase in August.

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