Fabulous Fundamentals in This Corner of the Bond Market
According to Bankrate’s Mortgage Rates, the national average for a 30-year fixed mortgage is 6.61%. That’s uncomfortably high and a major headwind to many prospective homebuyers, particularly those in the first-time category. But it’s not all bad news in the mortgage market. Confirming opportunity abounds for fixed income investors with ETFs such as the WisdomTree Mortgage Plus Bond Fund (MTGP ), some experts view mortgage-backed securities (MBS) as one of the more fundamentally sturdy corners of the bond market.
Source: https://etfdb.com/model-portfolio-content-hub/fabulous-fundamentals-mtgp/
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