Archive For September 14, 2016

Homebuilders Stock Tumble as Mortgage Rates Jump Higher

Homebuilders Stock Tumble as Mortgage Rates Jump Higher

Mortgage rates had been stuck around 3.4% for much of the summer, but they finally took their biggest leap in over two months this week.  While they only increased about an eighth of a percent, it was enough to hurt stocks of the nation’s top homebuilders. Significant increases in the average mortgage rate can send shockwaves throughout…

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