Mortgage rates surge higher on Trump victory, causing housing stocks to fall
Portfolio Pulse from
Mortgage rates increased significantly following Trump's victory, leading to a decline in housing stocks, including major public builders and building material companies.
November 06, 2024 | 5:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
D.R. Horton, a major public builder, is likely affected by the surge in mortgage rates, which typically dampens housing demand and negatively impacts housing stocks.
The increase in mortgage rates to 7.13% is likely to reduce housing affordability, leading to decreased demand for new homes. As a major public builder, D.R. Horton is directly impacted by changes in housing demand, which can negatively affect its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80