✉news BusinessReal Estate first seen 1 d ago, last 22 h ago, peak #11
Home Improvement Stocks Sink as Mortgage Rates Stay at 7.3%
Original: Lowe's Is Down 30%, and Home Depot Is Down 18%. Here's the Housing Stock I'd Buy Even With 30-Year Mortgage Rates at 7.3%.
Lowe's shares have fallen roughly 30% and Home Depot about 18% amid persistent weakness in the housing market, with 30-year mortgage rates holding near 7.3%. A Motley Fool analysis argues one of the two home improvement retailers is still worth buying at these depressed prices, even if high borrowing costs keep housing activity subdued. Investors are weighing whether the sell-off in housing-linked stocks has gone too far.
Why now: High mortgage rates have dragged down home improvement retailers, prompting debate over whether they now represent a buying opportunity.
Evidence
- Lowe's Is Down 30%, and Home Depot Is Down 18%. Here's the Housing Stock I'd Buy Even With 30-Year Mortgage Rates at 7.3%. · Yahoo Finance
- Lowe's Is Down 30%, and Home Depot Is Down 18%. Here's the Housing Stock I'd Buy Even With 30-Year Mortgage Rates at 7.3%. · The Motley Fool
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