From Seekingalpha · Caffital Research · · 30s
M/I Homes Stock Plummets After Q3 Earnings
M/I Homes stock drops 8% as high mortgage rates hurt earnings.
In brief
M/I Homes stock drops 8% as high mortgage rates hurt earnings. M/I Homes stock fell 8% after Q3 earnings due to high mortgage rates and a rating downgrade. Originally reported by Seekingalpha.
M/I Homes Q3 Earnings
M/I Homes stock plummeted 8% after Q3 earnings due to a double miss.
High Mortgage Rates Impact
Housing market conditions are poor as mortgage rates have risen and remain high.
Mortgage Rate Buydowns Pressuring Margins
MHO's mortgage rate buydowns aimed at stabilizing sales have pressured margins.
At a glance
M/I Homes stock fell 8% after Q3 earnings due to high mortgage rates and a rating downgrade.
