Hidden winner from rising mortgage rates

Homeowners turn to do-it-yourself renovations as refinancing costs climb.

By Motley Fool Jul 3, 2013 12:33PM
U.S. mortgage rates have shot up recently, rising to their highest level in two years. Now that the rate on a 30-year mortgage is more than 4.5%, fewer homeowners have an incentive to refinance their homes.  

Motley Fool analyst Jason Moser discusses why Home Depot (HD) will benefit from a growing trend of home renovation. Historically Home Depot and Lowe's (LOW) have traded places for industry dominance, but over the past few years Home Depot has held onto the top spot. But with shares of Home Depot near an all-time high, is the stock too pricy for investors? Moser shares why he believes Home Depot is still a good value.

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Mortgage Rates go from under 3%, to 4.5%; and Bank Customers can't get much more than .25 of 1% - - if that,  Why is that?  And, Junk Fees are coming back; for a bit of icing on the cake.  Yet, for Middle Americans; they see high unemployment; and, little or no wage increase; and, wonder if there is ANYTHING else driving up Interest rates besides the Predator Capitalists, who are swooping in to the Housing Market buying up huge Blocks of Inventory; and squeezing out, first, and second time, home buyers.  They have also had the luxury of gambling with literally,  "free money," from the Fed; to, play the greatest Casino on the Planet.  Sounds like a, "Hose," Job again, on Middle and Poor America.  Welcome to the Land of Oligarchies, Dynasties, and, Eternal Legacies.  Say, "good by," to the Working Class that built this Country.  Financialization of the Economy is NOT Productivity; or, nor, does it create anything of lasting Value. The huge Leverage Buyouts over the past 10 years, documents that notion well.  We are quickly becoming a Nation of Cons, Manipulators, and Rent Seekers; who exploit the Weak; and, yes - - even, steal from the Government.  Corporate Bailouts; and Corporate Welfare - - have never been more lucrative, for the Richest among us.  Free Market Capitalism is a figment of one's imagination; and, nothing more than Urban Myth, today.   Markets haven't been, free and open, for over 40 years; and, we are losing BOTH, our Democracy; and, our purer form of Capitalism; as defined by Adam Smith. Unfortunately, today, everything is about Money and Power; and, if you have NONE . . . you are SOL!
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