SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Jul 6, 2012) - 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 American Capital Agency Corp. (NASDAQ: AGNC) and Annaly Capital Management, Inc. (NYSE: NLY).
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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.
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American Capital Agency Corp. is a real estate investment trust that invests in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The company offers an annual dividend of $5.00 per share for a yield of roughly 14.7 percent.
Founded in 1997 as a Real Estate Investment Trust, Annaly is the largest mortgage REIT listed on the New York Stock Exchange. The company's Board of Directors recently declared a second quarter 2012 common stock cash dividend of $0.55 per common share. Shares of Annaly are up over 6 percent this year.
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