Advertisement
Singapore markets closed
  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     
  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • Bitcoin USD

    64,281.80
    +1,172.87 (+1.86%)
     
  • CMC Crypto 200

    1,381.00
    +68.38 (+5.21%)
     
  • S&P 500

    4,963.63
    -47.49 (-0.95%)
     
  • Dow

    37,911.36
    +135.98 (+0.36%)
     
  • Nasdaq

    15,269.38
    -332.12 (-2.13%)
     
  • Gold

    2,410.20
    +12.20 (+0.51%)
     
  • Crude Oil

    83.17
    +0.44 (+0.53%)
     
  • 10-Yr Bond

    4.6170
    -0.0300 (-0.65%)
     
  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     
  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     
  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Why Rising Rates Helped New Residential Increase Its Book Value

Why Rising Rates Helped New Residential Increase Its Book Value

The first quarter of 2022 was supposed to be particularly brutal for mortgage originators and mortgage real estate investment trusts (REITs). The Fed has begun a series of increases in the Fed Funds rate designed to put the brakes on rising inflation. At the same time, the Fed is preparing to let its holdings of mortgage-backed securities decrease.