Though the central bank has left the door open for potential future actions as it continues to grapple with the persistent challenge of reining in inflation, the bets over such steps weakened lately. The news of jobs data helped push the average 30-year fixed mortgage rate below 7.4% on Nov 3, 2023 – its lowest level in two months, boosting the housing stocks. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.