5 REITs Dropping To New Lows On Higher Rates Concerns

The problem with REITs is that interest rates seem to be on the rise despite earlier expectations that they would be headed down again probably by early to mid-2024.

The recent action in 10-year Treasury yields — back up to 4.4% — and in the 30-fixed mortgage rate — a 20+ year high of 7.09% — is an unhappy look for interest-rate sensitive sectors such as real estate investment trusts.