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Joel Kranc's Avatar
published in Blogs
May 02, 2019

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

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.
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category IntermediateGovernment

Profile
Fundamentals
Details
Category
Intermediate Government
Address
Dreyfus Premier Gnma Fund Inc200 Park AveNew York
Phone
212-922-6850
Web
www.dreyfus.com
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DRGMX and

Correlation & Price change

A.I.dvisor indicates that over the last year, DRGMX has been closely correlated with UGSCX. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if DRGMX jumps, then UGSCX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DRGMX
1D Price
Change %
DRGMX100%
N/A
UGSCX - DRGMX
95%
Closely correlated
N/A
RGVEX - DRGMX
95%
Closely correlated
N/A
RGVFX - DRGMX
95%
Closely correlated
N/A
UGSFX - DRGMX
95%
Closely correlated
N/A
FSUUX - DRGMX
94%
Closely correlated
N/A
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published in Blogs
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published in Blogs
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published in Blogs
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