Yesterday, mortgage rates fell for a sixth-straight week and hit their lowest level since February 2023, with the average contract interest rate for a 30-year fixed-rate mortgages with conforming loan balances dropping to 6.29%. This represents almost an entire percentage point drop from the same week one year ago, while applications for mortgages to purchase a home rose 2% for the week. In response, homebuilding stocks like sector heavyweights D. R. Horton Inc (NYSE:DHI), PulteGroup Inc (NYSE:PHM), and Len ...