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Mortgage News DailyCNBC
•76% Informative
The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13% .
Lennar , D.R. Horton and PulteGroup were all down more than 4% in midday trading.
Housing stocks reacted in turn, with both the big public builders and building material companies falling sharply.
Mortgage rates don't follow the Fed , but do react to central bank's thinking on the economy.
VR Score
87
Informative language
92
Neutral language
61
Article tone
formal
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English
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46
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
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