Is Annaly Capital Management a Buy?
The past year was downright awful for the mortgage space. Mortgage originators reported a collapse in origination volumes while mortgage real estate investment trusts (REITs) struggled with mortgage underperformance.
Now that interest rates seem to be falling, investors are taking a fresh look at mortgage REITs. Is Annaly Capital (NYSE: NLY) a buy at these levels?
Image source: Getty Images.
Source Fool.com