Advertisement
Canada markets close in 2 hours 51 minutes
  • S&P/TSX

    21,683.73
    -56.47 (-0.26%)
     
  • S&P 500

    5,061.77
    -0.05 (-0.00%)
     
  • DOW

    37,848.01
    +112.90 (+0.30%)
     
  • CAD/USD

    0.7234
    -0.0019 (-0.27%)
     
  • CRUDE OIL

    85.31
    -0.10 (-0.12%)
     
  • Bitcoin CAD

    86,784.57
    -2,437.17 (-2.73%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,414.20
    +31.20 (+1.31%)
     
  • RUSSELL 2000

    1,970.76
    -4.94 (-0.25%)
     
  • 10-Yr Bond

    4.6670
    +0.0390 (+0.84%)
     
  • NASDAQ

    15,903.55
    +18.53 (+0.12%)
     
  • VOLATILITY

    18.32
    -0.91 (-4.73%)
     
  • FTSE

    7,820.36
    -145.17 (-1.82%)
     
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • CAD/EUR

    0.6806
    -0.0018 (-0.26%)
     

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.