Three Homebuilders For A Low Interest Rate Environment

Interest rates for a 30-year fixed-rate mortgage for the fifth straight week, reaching the lowest level so far this year, according to Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)'s weekly survey, which could give a boost to some homebuilders that are better positioned for a low-interest rate environment.

“We do not forecast mortgage rates, but if mortgage rates stay at or below current levels for the balance of the year, we believe it would be incrementally positive for several homebuilders,” write Sterne Agee analysts Jay McCanless and Annie Worthman.

Homebuilders: DHI, BZH, and MDC are top picks for low rate sales

Their top...