Lennar profit beats as lower mortgage rates boost home sales
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(Reuters) - Lennar Corp reported a higher-than-expected quarterly profit on Tuesday, as the No. 2 U.S. homebuilder's sales got a boost from lower interest rates for mortgages, sending its shares up 4% before the opening bell.Several years of rising rates had put a brake on parts of the U.S. housing market in 2018.But a moderation in mortgage rates and house prices in 2019 has improved affordability, especially for first-time homebuyers who have been largely priced out of the market.The 30-year..