Quick update -- don't know "why," but every home building stock is getting annihilated intraday. Doesn't matter which one, though Beazer Homes is leading the pack at -37% at last count. Almost every single mortgage lender out there is also getting crushed.
UPDATE2: rumors and speculation about a potential bankruptcy are apparently the cause, according to traders. Beazer just on the tape denying any problems in a Business Wire statement.
Daily analysis of trends in interest rates, financial stocks, the economy, the housing market, and more.
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I've been researching and writing about the financial markets since 1997. I'm fascinated by interest rates, financial stocks, and the housing market -- and I'll do my best to keep you interested in them at this blog, too. Enjoy!