Mohawk Industries stock jumps again as housing-rate bets return after Trump mortgage-bond plan
Mohawk Industries (MHK) stock saw a significant jump, rising about 3% in late morning trading after a 6.9% increase the previous day, driven by investor reactions to housing policy headlines and fresh mortgage-rate data. The stock's performance is tied to fluctuating interest rates, as higher borrowing costs tend to delay large home projects. While Wolfe Research downgraded Mohawk to "Peer Perform" due to a predicted slower repair-and-remodel pickup, housing-linked shares generally found support after Trump's announcement of ordering officials to buy $200 billion of mortgage bonds to lower borrowing costs.
https://ts2.tech/en/mohawk-industries-stock-jumps-again-as-housing-rate-bets-return-after-trump-mortgage-bond-plan/