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 CYS Investments Inc. (NYSE: CYS) and Invesco Mortgage Capital Inc. (NYSE: IVR).
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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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CYS Investments is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. The company offers an annual dividend of $2.00 per share for a yield of roughly 14.2 percent.
Invesco Mortgage Capital is a real estate investment trust that focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans. The company recently announced a second quarter dividend of $0.65 per share. Shares of the company are up over 33 percent year-to-date.
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