1114 ET - If D.R. Horton could have its way, the home builder would pick stable rates any day of the week. "It's much easier to manage our business and drive affordability if we know what the rate is going to be. And I think if rates remain stable for an extended period of time, that's going to get consumers off the fence that need to buy a house," say executives on an earnings call. They add that their guidance doesn't assume any rate declines throughout the year, but that it certainly would be helpful. Mortgage rates last week topped 7% for the first time since mid-2024. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
January 21, 2025 11:15 ET (16:15 GMT)
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