MORT

New Home Sales Unexpectedly Fall To 7-Month Low

Mortgage Rates Hit Lowest Point Since February As Investors Anticipate Fed Rate Cuts

Average contract interest rate for 30-year fixed-rate mortgages dropped by 5 basis points to 6.62% last week. Despite the decline in mortgage rates, mortgage applications fell by 2.2% week-over-week. The National Association of Realtors reported a 5.4% decline in existing home sales for June.

Housing Market Crash Is On The Horizon

Existing Home Sales Fall Further As Median Price Reaches Record High

Existing home sales fell for a fourth straight month in June as the median price reached a new record high. The median price for existing homes reached a record high in June, climbing to $426,900, the fifth consecutive monthly rise. Exexisting home sales are down 5.4% compared to one year ago.

Equity REITs to see decline in Q2 AFFO per share - report

6 REITs reportedly raise dividend in June, Innovative Industrial Properties logs largest increase

Weekly Report: what happened at MORT last week (0715-0719)?

Mortgage REITs Surging

After a terrible start to the year, mortgage REITs are hot in July. The VanEck Mortgage REIT Index is up 7.2% in the first half of the year. Orchid Island Capital missed most of the rally. Main Street Capital is a good example of an internally-managed BDC. We look at earnings projections for the mortgage REit and BDCs.