3 Real Estate Stocks to Buy on Increasing Mortgage Rates

Mortgage rates have increased after declining since the announcement of rate cuts. The average 30-year fixed mortgage rate rose to its highest level since the week ending Aug. 9 at 6.52%, according to the Mortgage Bankers Association survey. This is the third consecutive week that mortgage rates have risen. Mortgage rates are usually linked to movement in treasury yields. Specifically, the 10-year Treasury is seen as the biggest influence on mortgage rates, and yields for the 10-year have increased in recen ...