Mortgage rates fell for a second straight week, giving homebuyers some relief during housing’s busiest stretch and offering support to several US housing ETFs.
The avg. 30-yr fixed mortgage fell to a 4-week low near 6%, from the prior week and from a higher level a year earlier.
The 15-yr fixed also eased to the mid-5% range. By current Friday premarket trading, one housing ETF ↑0.7% while three others were flat.
Among the funds, one building ETF led performance, ↑12.7% YTD and ↑8.1% over the past month, with stronger momentum than peers.
Housing still showed softness: existing-home sales ↓3.6% MoM in Late-Q1 to 3.98M, while builder sentiment fell to a 7-mo low in Early-Q2.
Concerns eased after President Trump said the Iran war should end soon, a shift tied to lower inflation pressure, lower yields, and mortgage-rate relief.
