3 Real Estate Stocks to Buy on Mortgage Rates Slowing Down

Real estate has had a decent year. The S&P 500 Real Estate Select Sector SPDR (XLRE) advanced 11.3% year to date as of Oct. 4. The sector declined till the end of June. However, as talks started surfacing about the central bank introducing rate cuts in September, the sector has witnessed a turnaround of sorts. This optimism is notably visible if one considers the mortgage rates. Mortgage rates have slightly increased after declining since the announcement of rate cuts. The 30-year fixedrate mortgage was at ...