Tariff Turmoil Sends Mortgage Rates Higher, ‘Contract Signings Remain Well Below Normal Historical Levels’ – Vanguard Real Estate ETF (ARCA:VNQ)
President Donald Trump’s tariff announcements led to a sell-off in the stock market and prompted investors to move to safer assets such as Treasury bonds. The 10-year Treasury yield declined and the average 30-year fixed mortgage rate dropped from 6.75% to 6.55% last week. Mortgage Rates: Despite the initial drop, mortgage rates rebounded as Treasury…