Jim Cramer says to take a 'wait and see' approach to homebuilders as interest rate cuts fail to bring down mortgage rates
1. Fed's latest rate cut may not lower mortgage rates. 2. Lennar's earnings disappointment indicates weak housing demand. 3. KB Home cut its full-year forecast amid cautious buying sentiment. 4. Longer-term Treasury yields are rising, influencing mortgage rates negatively. 5. Both companies optimistic about future demand if rates decrease.