HOMZ - Mortgage rates inch down below 3%

30-year fixed-rate mortgage averaged 2.98% for the week ending June 24, down from 3.02% recorded in prior week and down from 3.07% averaged in same period a year ago, according to the Freddie Mac Primary Mortgage Survey."Economic growth remains steady and is bolstering more segments of the economy. Although low and stable mortgage rates have kept the housing market booming over recent months, a deterioration in affordability and for-sale inventory has led to a market slowdown," Chief Economist Sam Khater commented.15-year FRM averages 2.26% down from last week when it averaged 2.34% and 2.56% a year ago.5-year Treasury-indexed hybrid adjustable rate mortgage averaged 2.54%, up from 2.53% in prior week, and lower from 3.0% a year ago.A quick look at the half year performance of the ETFs - (ITB), (REM), (IEF), (XHB), (IYR), (PKB) - indicates that except the IEF, all the other Real estate focused ETFs have reported gains above 20%.Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF (NAIL) is

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Mortgage rates inch down below 3%