|Bid||51.75 x 1400|
|Ask||51.77 x 2900|
|Day's Range||51.69 - 51.77|
|52 Week Range||50.19 - 51.93|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.72|
|Expense Ratio (net)||0.07%|
The number of mortgage applications last week fell 2.7 percent compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Reversing the recent downward trend, borrowers saw increasing rates for most loan types last week, as better-than-expected unemployment claims, easing trade tensions and stabilization in the equity markets ultimately led to a rise in Treasury rates," said Joel Kan, an MBA economist. "Oftentimes, a big loss in equities markets can send money running to the bond market where it benefits interest rates," said Matthew Graham, chief operating officer at Mortgage News Daily.
In recent weeks, the S&P 500 has been on a rollercoaster ride, plunging dramatically in early October only to make partial recoveries heading into November. Understandably, investors may be skittish about the prospect of equities at this point in time, with some calling for the largest recession in years.
With the Federal Reserve continuing its efforts to normalize U.S. monetary policy, plenty of asset classes could be affected by those plans, including mortgage-backed securities (MBS) and exchange traded ...
E*TRADE Financial Corporation today announced it has surpassed 250 commission-free ETFs with the addition of 46 ETFs from six providers to its Commission-Free ETF Pr
Bond ETFs are experiencing a lot of action as fixed-income investors move around billions of dollars. Over the past week, there have been a handful of exceptionally large trades that are worth mentioning, ...