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, giving back part of Tuesday's rally.
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Truist Securities analyst Jonathan Bettenhausen maintains KB Home (NYSE:KBH) with a Hold and lowers the price target from $55 to $50.
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30-year mortgage rates hit 7.12%, the highest since 2024. KB Home, Rocket and the ITB homebuilder ETF slip, giving back part of Tuesday's rally.
KB Home beats Q3 estimates but cites housing headwinds, guides revenue, and sees analysts cut price targets as shares fall.
Evercore ISI Group analyst Stephen Kim maintains KB Home (NYSE:KBH) with a In-Line and lowers the price target from $62 to $59.