Mortgage Rates Top 7% for the First Time Since 2024: 5 Stocks Most at Risk
30-year mortgage rates hit 7.12%, the highest since 2024. KB Home, Rocket and the ITB homebuilder ETF slip premarket, giving back part of Tuesday's rally.
Mortgage rates went above 7 percent, which makes borrowing money for houses more expensive. When houses cost more to buy, homebuilder stocks often fall because fewer people can afford new homes.
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