How to Play AGNC Investment Stock With Interest Rate Cuts?
AGNC(AGNC) ZACKS·2024-10-08 00:06
AGNC Investment Corp. (AGNC) is gaining momentum with declining mortgage rates, driven by optimism surrounding interest rate cuts by the Federal Reserve.The much-awaited easing monetary policy by the Fed pulled the yields on long-term bonds lower, leading to a drop in mortgage rates. During the Sept. 17-18 FOMC meeting, the Fed lowered the interest rate by 50 basis points after more than four years, while signaling two more this year and four in 2025. The Fed fund rates are currently in the 4.75-5% range. A ...