Additionally, interest rate declines have occurred in five of the last six weeks, but still, the average interest rate from a year ago was lower at 3.96 percent. In spite of the recent interest rate declines, long-term loan rates are still at their highest levels in seven years–a sign that the economy is still in a growth phase.

Nonetheless, REM is still managing to churn out returns of 0.57 percent year-to-date, 3.46 percent in a year and 11.47 percent the last three years. In the past five days, REM is up 2.65 percent.

Related: Mortgage Interest Rates: To Buy or Not to Buy – That is the Question

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