StocksMedium•3 October 2026•
1 min read
High Interest Rates Hit Lowe's and Home Depot as Home Remodeling Slows
Key Facts
1High interest rates have led to a sharp decline in big-ticket item purchases at Lowe's and Home Depot.
2Homeowners are struggling to fund renovations due to the high cost of Home Equity Lines of Credit (HELOCs).
High interest rates have led to a sharp decline in big-ticket item purchases at Lowe's and Home Depot. Reuters reported that homeowners are struggling to fund renovations due to the high cost of Home Equity Lines of Credit (HELOCs).
HD closed at $282.85 on October 2, 2026, while LOW closed at $180.8 on the same date. The slowdown occurs as homeowners locked into low mortgage rates stay put, though the high cost of borrowing makes large-scale remodeling projects unaffordable.