The ETF trading under ITB essentially rises and falls as the stock market expects mortgage rates to change.The ETF rises as mortgage rates are projected to drop, and falls as the rates rise.
Today’s CPI release resulted in the ETF having its best day in a while, reversing a period of straight declines.
This indicates to me that the stock market expects mortgage rates have peaked as well.
Cue more FOMO panic buying as rates fall.
submitted by /u/raji4858
[link] [comments]
The ETF trading under ITB essentially rises and falls as the stock market expects mortgage rates to change.The ETF rises as mortgage rates are projected to drop, and falls as the rates rise. Today’s CPI release resulted in the ETF having its best day in a while, reversing a period of straight declines. This indicates to me that the stock market expects mortgage rates have peaked as well. Cue more FOMO panic buying as rates fall. submitted by /u/raji4858 [link] [comments]
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