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US mortgage rates have fallen lower this week, with the 30-year fixed-rate mortgage now below 6.5% and the 15-year fixed-rate mortgage below 5.65%. This gives some relief to potential homebuyers but adds more competition to homebuilders (XHB).
Yahoo Finance housing reporter Dani Romero joins Wealth! to break down what lower rates mean for potential home buyers and major homebuilder stocks.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Nicholas Jacobino