D.R. Horton Faces Bearish Setup as Mortgage Rates Hit One-Year High

According to CNBC, D.R. Horton is facing a bearish setup as the 10-year Treasury yield moved above 5% this week and the 30-year mortgage rate climbed to 7%, a one-year high. The homebuilder cut its fiscal 2026 revenue outlook to $32.5 billion to $33.0 billion in July after lowering full-year revenue guidance by roughly $1 billion, and orders rose just 0.1% year over year versus the roughly 6% growth analysts had expected. The stock broke below $140 last month, has since retested that level as resistance, and is down 9% over the past month and 10% over the past three months. Keefe, Bruyette & Woods cut its price target on D.R. Horton to $167 on July 22.