Chimera and Two Harbors Look to Take Advantage of Record Low Mortgage Rates
The Paragon Report Provides Stock Research on Chimera and Two Harbors
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 07/06/12 -- High yielding mortgage REITs have outperformed the markets in 2012 as investors continue to flock to their large dividends. Presently the Market Vectors Mortgage REIT Income ETF (MORT) -- with holdings such as Annaly Capital Management -- is up more than 14 percent year-to-date, while the SPDR S&P 500 ETF (SPY) has seen a 9 percent increase. The Paragon Report examines investing opportunities in diversified REITs and provides equity research on Chimera Investment Corp. (NYSE: CIM) and Two Harbors Investment Corp. (NYSE: TWO).
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Freddie Mac's weekly survey has shown mortgage rates have again fallen to record lows. The fixed 30-year home loan, the most popular among home buyers, fell to 3.62 percent from 3.66 percent last week, and 4.6 percent from a year ago. The average 30-year loan rate has matched or dropped to new lows in 10 of the last 11 weeks.
"Recent economic data releases of less consumer spending and a contraction in the manufacturing industry drove long-term Treasury bond yields lower over the week, and allowed fixed mortgage rates to hit new all-time record lows," said Frank Nothaft, Freddie Mac's chief economist.
Paragon Report releases regular market updates on diversified REITs so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Chimera Investment invests in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes. Shares of the company have fallen in recent weeks after they cut their second quarter dividend to $0.09 per share from $0.11 in the first quarter of 2012.
Two Harbors Investment Corp. is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans, residential real properties and other financial assets. The company's Board of Directors last month announced a second quarter dividend of $0.40 per share for an annual yield of roughly 15 percent.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 06.07.2012 - 06:20 Uhr
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