This stock is WAY to volatile!!! As soon as it hit 11.07 I felt in my gut it wouldn't hold. It has tumbled from this morning. Who can stomach this behavior every day? This isn't investing it's a roulette wheel.
Another fact is that fed rate increase is the prime rate increase and doesn't affect mortgage interest rates. Mortgage rates are not associated with the primary rate and affected by bond rates...the 10 year treasury. However, bond rates did go down prior to and mortgage rates had already gone up a hair. But I don't think people realize this. People are buying up new homes like crazy right now. KBH at 12.14 is a steal right now. Come April this could easily be at $17. Checkout April $10 Calls. They look juicy!