Will Declining Mortgage Rates Drive Annaly's Performance?

Key Takeaways Mortgage rate drop is lifting loan demand, aiding tighter spreads and NLY's book value. Fed rate cuts helped NLY swing to $219.9M in net interest income in 1Q25 from a year-ago loss. NLY has risen 9.6% in a year, beating the industry's 4.5% growth amid upward earnings estimate revisions.Annaly Capital Management, Inc.’s (NLY) performance and prospects are significantly influenced by mortgage rates. Mortgage rates have been witnessing a decline lately. Per a Freddie Mac report, the average ra ...