NYSE:MTHConsumer Durables
Higher-for-Longer Mortgage Rates Could Be A Game Changer For Meritage Homes (MTH)
Earlier this week, Meritage Homes was affected by concerns that sustained high US interest rates and geopolitical tensions with Iran could weigh on housing demand, as higher Treasury yields pushed mortgage rates to about 6.22% and the Federal Reserve signaled little urgency to cut its benchmark rate.
This combination of elevated borrowing costs and geopolitical stress has sharpened investor focus on how sensitive homebuilders’ order volumes and profitability may be to protracted...