Markets

Homebuilders rally as drop in mortgage rates spurs demand

Homebuilders rallied Wednesday after Mortgage Bankers Association data showed mortgage rates fell unexpectedly last week. Homebuilders KB Home and Lennar reported first quarter results between Tuesday’s closing bell and Wednesday’s open. Watch KB Home and Lennar trade live. The homebuilders were rallying after Wednesday after data showed last week’s drop […]
Homebuilders rally as drop in mortgage rates spurs demand