Mortgage Rates go Lower & Real Estate stock go Up
Since the Federal Reserve appeared to be less aggressive on raising rates for 2019, the 10 year treasury yield fell slightly below 3%. This makes mortgage rates go lower!
In other GREAT NEWS.....Shares of REAL ESTATE companies in the S&P 500 are up 5.3% on the month in November! https://www.wsj.com/articles/global-stocks-tread-water-ahead-of-g-20-1543567041?ns=prod/accounts-wsj