Mortgage REIT ETFs Hit as Interest Rates Surge
July 05, 2013 at 15:20 PM EDT
Interest rates jumped on the back of a robust jobs report and renewed concern over Fed “tapering,” pressuring rate sensitive mortgage real estate investment trust exchange traded funds. The iShares FTSE NAREIT Mortgage Plus Capped Index Fund (NYSEArca: REM) fell over 5% during trading...
