Why Were CSAL and CYS the Bottom REIT Performers in Mid-July?
Recently, on June 29, 2015, CSAL’s stock price fell by 7%. The move came with pretty good selling volume.
Some of the top performers of the iShares US Real Estate ETF (IYR) are Sun Communities (SUI) and WP Glimcher (WPG).
Recently, Wells Fargo has upgraded some of mortgage REITs to “Outperform” from “Market Perform” that have a significant weighting in the REM ETF.
Major stocks in the top five REIT subgroups that saw positive returns over the week ended July 17.
The United States real estate industry was in the news recently, as it replaced China to become the world’s largest real estate market.
The ten-year bond yield, which you can trade through the iShares 20+ Year Treasury Bond ETF (TLT), fell by 9 basis points last week.
Fannie Mae TBAs started the week at 103 3/32 and picked up 5 ticks to go out at 103 8/32. The ten-year bond yield fell by 9 basis points.
Last week, mortgage rates fell along with the bond market. While the ten-year bond yield fell from 2.35% to 2.26%, mortgage rates fell from 4.17% to 4.01%.
After closing out the prior week at 2.35%, bond yields, as tracked by the iShares 20+ Year Treasury Bond ETF (TLT), rose early last week on Greek optimism.
Pulte (PHM) reported good numbers last week. It looks like the housing sector is making another leap again back towards a normal level.
Since home prices bottomed out, we have had a couple of years of low double-digit returns in prices.
Consider alternative investments like real estate. Real estate (IYR) may be worth considering at the moment.
Fannie Mae and the to-be-announced market When the Federal Reserve talks about buying MBS (mortgage-backed securities), it’s referring to the TBA (to-be-announced) market. The TBA market allows loan originators to take individual…
Like the Fannie Mae TBAs, the Ginnie Mae TBAs caught a bid and picked up 19 ticks to 103 27/32 last week, underperforming Fannie Mae TBAs.
Last week, mortgage rates fell along with the bond market. While the ten-year bond yield fell from 2.4% to 2.35%, mortgage rates fell from 4.19% to 4.17%.
After closing out the prior week at 2.40%, bond yields, as tracked by the iShares 20+ Year Treasury Bond ETF (TLT), rose early last week on Greek optimism.
There are two basic types of state foreclosure laws: judicial and nonjudicial. In nonjudicial states, foreclosures are handled through a streamlined process…
Public Storage (PSA) shares closed the trading session on Friday, July 10, at $196.13, rallying 4.75% last week.
In this series, we’ll delve deep into the performance metrics of the REITs in the XLF ETF.
Like the Fannie Mae TBAs, the Ginnie Mae TBAs were more or less “unch’d” (unchanged) for the week.
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