Why AGNC Stock Is Down 25% in the Past Year
Mortgage real estate investment trust (mREIT) AGNC Investment Corp (NASDAQ: AGNC) had a tough year in 2022. Rising interest rates and waning demand for its assets crushed its share price, sending the stock down as much as 54%. As interest rates eased toward the end of the year, the stock came back with an impressive rally. Today AGNC is down about 25% in the past year.
Is now the time to buy this high-yielding dividend stock, before its next bull rally? Let's take a closer look and see.
AGNC invests in agency mortgage-backed securities (MBSs). These loans, which can include Federal Housing Administration (FHA) First Time Home Buyer, Fannie Mae, Freddie Mac, Veterans Assistance (VA), and other sponsored loan programs, are guaranteed by the U.S. government. That means that if a borrower defaults, AGNC isn't stuck with the bill.
Source Fool.com
