LEN · News · 20260917N

Interest Rate Environment

LENNAR CORP /NEW/ · 2026-09-17 · Importance 26 · Surprise 24

Lennar said rising mortgage rates and affordability pressures were causing consumers to delay home purchases. The 30-year mortgage rate was approximately 6.8% at the end of Q3 2026 and had risen further since, while CEO Stuart Miller said stubborn inflation was also making home purchases harder to afford. The reported rate environment is weighing on demand across the U.S. housing market.

Key facts

• Lennar CEO Stuart Miller said the 30-year mortgage rate was approximately 6.8% at quarter end and higher since. source