With Mortgage Rates Finally Rising, Is Now the Time for 'MOR

With Mortgage Rates Finally Rising, Is Now the Time for 'MORT'?


March 16, 2021
After years of basement-dwelling lows, mortgage rates are on a steady move higher. While this does no favor for home purchasers and refinancers, it could help ETF investors in the
“According to the latest data, released Thursday by Freddie Mac, the 30-year fixed-rate average rose to 3.05 percent with an average 0.6 point,” a Washington Post article noted. “(Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to the interest rate.) It was 3.02 percent a week ago and 3.36 percent a year ago. The 30-year fixed average has risen for four consecutive weeks, something it hasn’t done since April 2019.”

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