Key Takeaways Falling mortgage rates and Fed cuts will drive Annaly's net interest income and strengthen its book value.Annaly holds a $89.5B diversified portfolio with Agency MBS, MSR, and residential credit.NLY supports investors with $7.4B liquidity, a 12.9% dividend yield, and a $1.5B buyback plan.Annaly Capital Management’s (NLY) performance and prospects are significantly influenced by the mortgage rates. Mortgage rates continue to ease and have declined to the lowest level of 2025. According to Fredd ...