Rate Decline Could be Fueling Mortgage ETF REM

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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 ( REM ) has been experiencing a recent uptick this week and could be benefitting [...] Read more on ETFtrends.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article was provided by our partner Tom Lydon of etftrends.com.

This article appears in: Investing , ETFs
Referenced Symbols: REM

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