Go to the list of all blogs
U.S. mortgage applications fall to six-week low
U.S. mortgage applications fall to six-week low
U.S. mortgage applications fell to their lowest levels in six weeks even as home borrowing costs turned cheaper as a result of lower bond yields, the Mortgage Bankers Association said on Wednesday.
The seasonally adjusted index on mortgage activity to buy a home and to refinance one declined 4.3% to 407.2 in week ended April 26, which was the lowest reading since 390.0 in the week of March 15.
Related Ticker: DRGMX
Contributor
Financial analyst and market blogger with expertise in equity research, fundamental analysis, and macroeconomic trends. I regularly publish coverage on individual stocks, ETFs, and sector developments — combining rigorous financial analysis with clear, engaging writing for a broad investment audience.
Industry description
The investment seeks to maximize total return, consisting of capital appreciation and current income.
The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. mortgage-related securities. It will invest at least 65% of its net assets in Ginnie Maes. The fund can invest in privately issued mortgage-backed securities with a "BBB" or higher credit quality, but currently the advisor intends to invest in only those securities with an "A" or higher credit quality. It is not subject to any maturity or duration restrictions.
View a ticker or compare two or three
VS
VS
Interact to see
Advertisement
Advertisement
A.I.Advisor
published price charts
Interesting Articles
A.I. Advisor
published General Information
General Information
Category IntermediateGovernment
Category
Intermediate Government
Address
Dreyfus Premier Gnma Fund Inc200 Park AveNew York
Phone
212-922-6850
Web
www.dreyfus.com
Interact to see
Advertisement
Advertisement