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home / news releases / SPSM - Mortgage Rates Soar: Recession Risks Ahead

SPSM - Mortgage Rates Soar: Recession Risks Ahead

SPDR Portfolio Small Cap
  • Mortgage News Daily reported that the average 30-year mortgage topped 5% late last week (almost double the rates on offer back in late-2020).
  • Debt servicing costs have skyrocketed over the last year, which will pressure economic growth in the coming quarters, according to historical trends.
  • As we have extensively documented, growth tailwinds are turning into headwinds.

For further details see:

Mortgage Rates Soar: Recession Risks Ahead
Stock Information
Company Name: SPDR Portfolio Small Cap
Stock Symbol: SPSM
Market: NYSE
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