Top 3 Homebuilder Stocks to Watch as Rates Drop

The Federal Reserve launched the first of several expected interest rate cuts in its September meeting, making a larger-than-anticipated half-percentage-point reduction. The real estate market, plagued by issues including insufficient supply relative to surging demand and mortgage rates that have risen dramatically since their COVID-era lows, stands to benefit from the rate cut. In the days following the Fed's announcement, rates on 30-year fixed-rate mortgages dropped to just over 6.1%, their lowest rate i ...