Savvy Trades and Investments

[cliffvb]

Homebuilders are more dependent on LT interest rates ie mortgages. I think both the movement in 2 yr rates and homebuilders shown in the chart were a result of a giant housing bubble and then the great recession that followed when the housing bubble burst.

Cracks me up how people are sweating that 10 year rates are hitting 3% now. When I started my homebuilding business in the early 80s. I was soon greeted with mortgage rates as high as 18% and construction loan rates as high as 22%. That was a real adventure, lol.