Though the majority of publicly-traded real estate investment trusts (REITs) have been recovering over the past two months, the Federal Reserve’s hawkish stance combined with the macroeconomic uncertainties raise questions regarding their latest upswing.
The carnage in the real estate investment trust sector continues as new names hit new 52-week lows. The effect of rising interest rates is hitting the group hard and it’s not clear when the Fed might “pivot” to lower rates – late 2023, early 2024? In the meantime, these rate-sensitive REITs are not attracting buyers the way they used to.
Income investors love receiving dividends to pay regular bills, but too often quarterly dividends are paid in bunches, rather than being spread out across each month.
This year has been a bear on the mortgage market as the average interest rate for the most popular long-term mortgage — 30-year fixed — is more than double what it was a year ago.
Real estate investment trusts (REITs) are well-known for paying huge dividends. Although investors love when REITs increase their dividends, another significant event occurs when a REIT announces share buybacks.
With mortgage rates falling for the fifth consecutive week, newer homeowners who locked in higher rates are looking for ways to reduce their monthly mortgage costs — and they’re doing so by refinancing in flock-like numbers.