Deteriorating prices for agency mortgage-backed securities are driving steep declines in mortgage real estate investment trusts, even as fixed income and equities markets rallied after a May sell-off, the Financial Times writes.
mREITs hit by rising interest rates
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Pending home sales post a modest gain in March: NAR
Pending home sales increased by 3.4% from February to March despite rising mortgage rates, the National Association of Realtors reported.