December 15th, 2015

Homebuilder ETF Rallies As Bonds Spike This Week

With bonds spiking sharply as stocks plummeted, the average rate on the widely viewed 30-year fixed mortgage hit 2.97% Thursday, according to Mortgage News Daily, helping homebuilder ETFs in the process. Mortgage rates roughly follow the yield on the 10-year U.S. Treasury, which also dropped...
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