Higher mortgage rates test Lennar margins
Barron's says mortgage rates above 7% is unwelcome for home builders, and Lennar’s third-quarter results and forward guidance will show how much that affects the company’s margins.
Mortgage rates moving above 7% are an unwelcome development for home builders. Lennar's third-quarter results and forward guidance will show how much pressure the higher rates are putting on the company. Analysts estimate that Lennar, one of the nation's largest home builders with operations in over half of U.S. st…