FAF

First American Financial Corporation

Date

Oct 7

Mortgage rates at 7.49% may cut title insurance sales at First American and Fidelity National

US mortgage rates rose for a seventh straight week to 7.49%, the highest in nearly three years. Homebuilders like D.R. Horton and Lennar feel it first through weaker buyer demand. The title insurers First American Financial and Fidelity National Financial are also exposed, because they earn a fee on every home sale and refinance.

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LEN

BloombergOct 7

Financials