Home Depot: Market Uncertainty & Housing Correction
Home Depot faces 'higher than anticipated stress' due to customer uncertainty and housing market correction. Lowered guidance reflects slower profits and lack of a clear rebound in real estate.
Rising Mortgage Rates & Housing Market Impact
Mortgage rates hit a 3-month high (7.08%), impacting affordability. Existing-home sales decline amid economic uncertainty and potential changes to Fannie Mae/Freddie Mac. Housing flexibility is low.