TickerBrief

LEN · Lennar Corporation

Lennar Corp LEN

Designs and builds single-family homes and residential communities for sale to homebuyers.

Industry
Consumer products
Listed on
New York Stock Exchange
IPO
1972-07-27
Website
lennar.com

Daily brief

Lennar falls as mortgage rates climb back above 7%

+2.18% to $79.60 from $77.90

What moved LEN

  • Lennar shares fell as mortgage rates moved above 7%, intensifying pressure on housing stocks.
  • The average rate on a 30-year fixed-rate mortgage rose seven basis points to 6.98% APR, while the 15-year rate rose six basis points to 6.36% APR.

Sources: Yahoo Finance · The Mortgage Reports

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