Frank Nothaft, vice president and chief economist of Freddie Mac, remarked that “mortgage rates edged up following a light week of economic data releases.” He also notes that “although rates on 30-year fixed mortgages have risen four weeks in a row, they have remained below 5% for eight straight weeks now, helping to maintain affordability in the housing market.”
Treasury yields declined Monday even though Standard & Poor’s cut its ratings outlook on U.S. debt.
Homebuilder ETFs include:
For more information on the housing market, visit our real estate category.
Max Chen contributed to this article.