Core Insights - AGNC Investment Inc.'s performance is heavily influenced by mortgage rates, which are currently declining but remain high compared to previous years [1][3] - The company's tangible book value (TBV) has decreased by 7% year over year, indicating financial pressure [3][8] - AGNC's dividend yield stands at 15.2%, significantly higher than the industry average of 12.5%, attracting income-focused investors [6][21] Mortgage Rates and Market Conditions - Mortgage rates are impacting the origination volume and refinancing index, leading to operational challenges for mREITs like AGNC [2][8] - The average rate on a 30-year fixed mortgage was reported at 6.63% as of August 7, 2025, down from 6.72% the previous week but up from 6.47% a year ago [1] Financial Performance - AGNC's TBV fell to $7.81, and the average net interest spread narrowed to 2.01% from 2.69% year over year, reflecting increased costs and reduced profitability [3][8] - The company has a liquidity position of $6.4 billion as of June 30, 2025, indicating a decent financial standing [12] Dividend and Share Repurchase - AGNC has a payout ratio of 89% and has not increased its dividends over the past five years, raising concerns about sustainability [6][21] - A new share repurchase plan allows AGNC to buy back up to $1 billion of common stock through December 31, 2026 [11] Market Outlook - AGNC focuses on agency MBS, which are guaranteed by U.S. government entities, positioning it favorably in the market [13][14] - Despite a competitive environment, management maintains a positive outlook for agency MBS investments, citing favorable mortgage spreads [14] Valuation and Price Performance - Year-to-date, AGNC shares have gained 12.1%, outperforming the industry average of 8.2% [15] - The company trades at a forward price-to-tangible book (P/TB) multiple of 1.17X, above the industry average of 1.01X, indicating a premium valuation [18][21]

Rising housing costs, a limited supply of homes, and persistently high interest and mortgage rates have kept many potential homebuyers on the sidelines of the housing market this year, particularly in the most expensive markets. https://t.co/Q1TSzPhMPD ...

Key Takeaways NLY reported Q2 adjusted EAD of 73 cents per share, beating estimates and rising 7.4% year over year.Net interest income rose to $273.2M from $53.6M, driven by increased loan demand and lower mortgage rates.NLY's 2025 earnings outlook was raised, supported by tightening spreads and improving asset prices.Annaly Capital Management, Inc. (NLY) second-quarter 2025 adjusted earnings available for distribution (EAD) per average share of 73 cents topped the Zacks Consensus Estimate by 1.4%. The figu ...

Falling rates have cost households billions in lost earnings on savings, while many homeowners are yet to benefit with mortgage deals are locked in at higher rates https://t.co/2cWAsipqR7 ...

Mortgage rates have dropped, but it's not likely tied to the latest Fed news. Here’s why waiting for a Fed rate cut could be a poor strategy for homebuyers. https://t.co/FgViI8SVoQ ...

Josh, it's good to have you back. Welcome. Nice to see you, too.Are you surprised at the resilience of the overall market and economy to these higher tariff rates. Not especially, to tell you the truth. Um, I think when I was last on the show, I think I was I had finally come on to the view that rates were finally going to start to come down because it seemed like we were seeing some easing up of inflation.We're seeing a few signs of a little bit of softness and it seemed like it was time. And also there wa ...

Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 07/17/2025 MCLEAN, Va., July 17, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.75%. “The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%. While overall affordability headwinds persist, rate stability coupled with moderately rising inventory may ...

Core Insights - Freddie Mac reported that the 30-year fixed-rate mortgage (FRM) averaged 6.72% as of July 10, 2025, an increase from 6.67% the previous week, but a decrease from 6.89% a year ago [1][5] Group 1: Mortgage Rate Trends - The 30-year FRM increased slightly after five consecutive weeks of decline, influenced by a stronger than expected jobs report [2] - The 15-year FRM also saw an increase, averaging 5.86%, up from 5.80% the previous week, and down from 6.17% a year ago [5] Group 2: Market Response - Home purchase applications increased by 25% and refinance applications rose by 56% compared to the same time last year, indicating a positive response to the downward trend in mortgage rates [2]

Mortgage rates holding stubbornly above 6.6% leave many people stuck with higher monthly costs and no path to refinance https://t.co/Ju90wIVs1n ...

Core Insights - The average 30-year fixed-rate mortgage (FRM) decreased to 6.67% as of July 3, 2025, marking a decline from 6.77% the previous week and down from 6.95% a year ago [1][6] - The 15-year FRM also saw a decrease, averaging 5.80%, down from 5.89% last week and 6.25% a year ago [6] - This marks the fifth consecutive week of decline in the average 30-year FRM, representing the largest weekly drop since early March [2] Market Context - The PMMS focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with excellent credit who put 20% down [3] - The decline in mortgage rates is seen as encouraging, with more sellers entering the market, which may provide prospective buyers with an advantage despite ongoing affordability challenges [2] Company Mission - Freddie Mac's mission is to enhance liquidity, stability, and affordability in the housing market, having assisted millions of families in buying, renting, or maintaining their homes since 1970 [4]