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Mortgage rates are "extremely important" to driving Lennar (LEN) and its business, says Nick Raich, who points to a 7% rate as a strong headwind for it and the housing market. As the affordability gap for homeowners widens, Nick makes the case that a bottom is forming for sentiment and the stock price. That doesn't mean Lennar is exposed to "anemic" earnings growth.

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Nick Raich on LEN Finding Stock Bottom as Mortgage Rates Tap 7%

Schwab Network

Nick Raich on LEN Finding Stock Bottom as Mortgage Rates Tap 7%