LEN · News · 20260928N

Interest Rate Environment

LENNAR CORP /NEW/ · 2026-09-28 · Importance 30 · Surprise 24

A rapid rise in mortgage rates to around 7.5% was reported to be weighing on Lennar and other homebuilders amid weak consumer demand. The average 30-year fixed mortgage rate reached 7.5% on Monday, September 28, 2026, its highest level since April 2024, after increasing by more than half a percentage point in two weeks. The report attributed the rise to inflation associated with the war in Iran and said elevated rates were dampening sales and keeping homebuyers sidelined.

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