Rate Decline Could be Fueling Mortgage ETF REM
This article was originally published on ETFTrends.com.
Freddie Mac, a secondary market player that helps add liquidity to the mortgage industry, said Thursday that the average interest rate on a 30-year, fixed-rate mortgage dropped by three basis points to 4.55 percent a week ago–the iShares Mortgage Real Estate Capped ETF (BATS: REM) has been experiencing a recent uptick this week and could be benefitting [...]