U.S. mortgage rates have shot up recently, rising to their highest level in two years. Now that the rate on a 30-year mortgage is higher than 4.5%, fewer homeowners have an incentive to refinance their homes.
In the video below, Motley Fool analyst Jason Moser discusses why Home Depot (HD 0.74%) will benefit from a growing trend of home renovation. Historically, Home Depot and Lowe's (LOW 0.63%) have traded places for industry dominance, but over the past few years Home Depot has held on to the top spot. But with shares of Home Depot near an all-time high, is the stock too pricey for investors? Moser shares why he believes Home Depot is still a good value.
