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Real Estate & Property Law

: Housing Wire

Mortgage REIT Insider: Rally Fades to Reality

By PAUL JACKSON

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The mortgage REITs rocketed higher on Tuesday after the Federal Reserve surprised the market by lowering the targeted Fed funds to a historically low range of 0.00 to 0.25 percent, sparking a massive rally in the REIT sector as LIBOR rates plunged in response to the Fed?s action. Led by bellwethers Annaly Capital (NLY: 15.38 [...]img src="http://feedproxy.google.com/~r/HousingWire/~4/0zNF630VOAU" height="1" width="1"/

Full post as published by Housing Wire on December 19, 2008 (boomark / email).

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