Stock analysis posts tagged "mortgage rates" from Openbook.
The 30-year mortgage reached 7.40% on a seventh straight weekly rise. PulteGroup funds it with incentives at 10.4% of price on a 25.0% margin.
Lennar's gross margin fell to 15.8% from 17.5% while incentives were cut to 12.0% of price, the clearest sign new-home margin pressure is structural.
The 30-year fixed mortgage reached 6.76%, a 15-month high, with the Fed now debating a hike. For D.R. Horton the cost lands in margin, not in closings.
Housebuilding is the worst-performing FTSE 350 industry group of 2026. With a September rate cut priced out, Taylor Wimpey shows where the damage lands.