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Sep 27 closing price
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$48.82
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-$0.54 (-1.09%)
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226.7M
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published in Blogs
Mar 21, 2019
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U.S. mortgage applications are up last week

U.S. mortgage applications for buying or refinancing a home climbed to a two-month high last week, as home borrowing costs fell to their lowest in over a year, data from the Mortgage Bankers Association showed.

The industry group’s seasonally adjusted index on mortgage activity moved up 1.6% to 390.0 in the week ended March 15. This was the highest reading since 400.6 in the week of Jan. 18. Interest rates on 30-year fixed-rate mortgages with conforming loan balances of $484,350 or less decreased to 4.55%, the lowest since the Feb. 2, 2018 week. They averaged 4.64% a week earlier.

Related Ticker: DREBX

Industry description

The fund's investment adviser uses the Davis Investment Discipline to invest at least 80% of the fund's net assets, plus any borrowing for investment purposes, in securities issued by companies principally engaged in the real estate industry. The fund invests principally in common stocks of domestic companies and may invest in foreign companies (including indirect holdings of a foreign issuer's common stock through depositary receipts).
Related Portfolios: REAL ESTATE DEVELOPMENT
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General Information

Category RealEstate

Profile
Fundamentals
Details
Category
Real Estate
Address
Davis Series Inc 2949 E. Elvira Road, Suite 101 Tucson AZ 85756 USA Tucson, AZ 85756
Phone
N/A
Web
www.davisfunds.com
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