REITs - mortgage, residential

dividend > 90%
mortgage rate (15, 30)
yield spread (30 - 10, 10 - 2)
book value - steeply decreasing,  leverage ~ 5-6
constant prepayment rates ?

nly, agnc, rem, mort

- mortgate

http://www.wolframalpha.com/input/?i=mortgage+rate
http://www.wolframalpha.com/input/?i=30-year+fixed-rate+mortgage&lk=1&a=ClashPrefs_*BankRate.ThirtyYearFixedRateMortgage-

http://www.mortgagenewsdaily.com/data/30-year-mortgage-rates.aspx
http://www.mortgagenewsdaily.com/mortgage_rates/
http://www.zillow.com/mortgage-rates/
http://www.marketwatch.com/tools/pftools/

- mbs

http://www.mortgagenewsdaily.com/mbs/
http://www.mortgagenewsdaily.com/mbs/charts.aspx?Product=FNMA40&interval=5



http://blogs.marketwatch.com/capitolreport/2013/07/07/mortgage-rates-poised-to-jolt-up-again/

http://seekingalpha.com/article/1529752-annaly-dividends-should-benefit-from-the-current-interest-rate-environment?source=google_news

http://www.businessweek.com/news/2013-07-10/reits-slump-19-percent-fueling-worst-bond-losses-since-94-mortgages#p1

http://www.freddiemac.com/news/finance/pdf/RefiReport2013Q1.pdf
http://www.freddiemac.com/news/finance/docs/Jun_2013_public_outlook.pdf

source: http://www.freddiemac.com/news/finance/tab_refinance.html

source: http://www.calculatedriskblog.com/2013/06/freddie-mac-mortgage-rates-highest.html

NLY data by YCharts

NLY data by YCharts

yield spread.
opposite direction - critical point.

NLY data by YCharts

NLY data by YCharts

NLY data by YCharts

dividend down
price down
bps down



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NLY data by YCharts

AGNC data by YCharts

MFA data by YCharts

IVR data by YCharts

ANH data by YCharts

STWD data by YCharts

ARR data by YCharts

REM data by YCharts