Financial News
Homebuilder ETFs Under Pressure as Rising Mortgage Rates Crimp Home Sales
March 18, 2022 at 17:14 PM EDT
Homebuilder sector-related exchange traded funds could continue to be pressured as rising interest rates and elevated mortgage rates are already affecting U.S. home sales. Year-to-date, the iShares U.S. Home Construction ETF (NYSEArca: ITB) decreased 19.3, SPDR S&P Homebuilders ETF (NYSEArca:...
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