Stock prices were up 2.4% in premarket trading. D.R. Horton is set to release its earnings report soon, and the below is a preview of what to expect. Stay tuned for more updates as this story develops. D.R. Horton is expected to report lower earnings for its first quarter when it releases its financial results on Tuesday. This would be a contrast to its earnings from last year.

Total mortgage application volume rose just 1.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. This is likely due to the fact that interest rates have been on the rise in recent weeks.

Around 800,000 UK households will see their mortgage rates increase by more than 100% this year as they come off low fixed-rate deals, adding to the financial pressure on many families.

A report by broker Savills Plc indicates that UK buy-to-let investors are likely to be among the most affected by the rapid change in Britain’s home loan affordability.

Last week, mortgage interest rates decreased, yet this did not have a major effect on the demand from homebuyers.