Mortgage rates have dropped 1.18 percentage points since their peak, making homes more affordable and boosting the stock performance of homebuilders, such as DR Horton and Lennar.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.9% annual change in September, up from a 2.5% change in the previous month.