REIT ETFs in the Spotlight as U.S. Mortgage Rate Sinks Below 6%

Key Takeaways The 30-year mortgage rate fell to 5.98%, the first time below 6% since September 2022.Lower rates cut REIT's borrowing costs and boost the appeal of their dividend yields. REIT ETFs like SCHH and RIET have gained YTD amid falling rate tailwinds. For the first time since September 2022, the average long-term U.S. mortgage rate dipped below the critical 6% threshold last week. According to Freddie Mac (Federal Home Loan Mortgage Corporation), the benchmark 30-year fixed mortgage rate fell to 5.9 ...