Trump Victory Spurs Mortgage Rate Surge, Shaking Up Housing Stocks...

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2024-11-16 13:01:13 -

Trump Victory Spurs Mortgage Rate Surge, Shaking Up Housing Stocks and Market Dynamics

After Donald Trump won the election, mortgage rates suddenly went up, which had a big effect on the home market and made investors less confident. The average rate on a 30-year fixed mortgage went up by 9 basis points to 7.13%. This was a big change that sent home stocks through the roof right away. Homebuilders like Lennar, D.R. Horton, and PulteGroup, which are all sold on the stock market,...

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