Refinancing Index Plummets Amid Rising Mortgage Rates and Shifting MBS Investment Environment
MBB iShares MBS ETF
$90.02 +0.06%
View chart & analysis → - 1According to Freddie Mac, the average 30-year fixed mortgage rate stood at 7.28% as of October 1.
- 2According to the MBA, the refinancing index has fallen by more than 50% compared to the same level one year ago.
- 3The weighted average coupon for the iShares MBS ETF (MBB) is 3.63%.
So what's the key point?
Mortgage rates have risen to 7.28%. The refinancing index has decreased by more than half compared to one year ago.
Source Real Investment Advice · View original ↗
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