SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Sep 17, 2012) - High Yielding REITs have surged in 2012 as the U.S. housing market has experienced a steady recovery. The Market Vectors Mortgage REIT ETF (MORT) recently hit a new 52-week high and is up over 20 percent for the year. The Federal Reserve last Thursday announced the implementation of Quantitative Easing 3, which will focus on bond purchases in the mortgage market. The Paragon Report examines investing opportunities on diversified REITs and provides equity research on CYS Investments Inc. (NYSE: CYS) and Invesco Mortgage Capital Inc. (NYSE: IVR).
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In a statement released last Thursday the Fed announced it would purchase $85 billion in bonds a month for the rest of 2012. In 2013, the Fed will then continue to purchase $40 billion per month of mortgage backed securities indefinitely until they believe the economy does not require the support. Also the benchmark interest rate is to remain low till at least mid-2015, six months longer than previously planned.
"These actions, which together will increase the Committee's holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative," the Fed statement said.
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CYS Investments, Inc. is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through securities for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. The company offers investors an annual dividend of $2.00 per share for a yield of around 13.8 percent.
Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans. The company offers an annual dividend of $1.92 per share for a yield of around 9.8 percent. Shares of Invesco are up nearly 50 percent for the year.
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