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Home building stocks are big losers today in the wake of S&P's downgrade, as a lower rating...

Home building stocks are big losers today in the wake of S&P's downgrade, as a lower rating means higher borrowing costs for home buyers. Lennar (LEN -5.5%), PulteGroup (PHM -6%) Beazer Homes (BZH -7.4%), DR Horton (DHI -4%).
Comments (1)
  • inthemoney
    , contributor
    Comments (981) | Send Message
     
    That , actually, makes no sense. Is there really much of a difference between 4.5% and 4.7% mortgage, if there are no qualified borrowers anyway?
    8 Aug 2011, 11:33 AM Reply Like
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