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Mortgage Market – The biggest winner

The biggest winners of the yesterday’s Fed decision of not tapering are the mortgage lenders because Fed recently included mortgage-backed securities to keep the demand up by the way of Quantitative Easing. Earlier there was a fear between the investors that Fed would pull back its mortgage backed bond buying program as a result of which mortgage market started rising upward which in turn will affect the business of mortgage lenders. So the yesterday’s decision brought the good news for Real-estate investment Trusts which invest in mortgage-backed securities like Annaly Capital (NLY), American Capital Agency (AGNC), and Redwood Trust (RWT).