MGIC Investment is well-positioned for future success but faces challenges due to a sluggish housing market and high mortgage rates. See MTG stock is a Hold.
The issue is widespread and near historic highs nationally: As of last fall, the median homeowner in the U.S. was paying 42 percent of their income on homeownership costs, according to the Atlanta Fed ...
The slowing housing market was also seen specifically in the City of Chicago. While home sales increased 5.3% year-over-year in December of 2024, the number of homes for sale in the city was down ...