Mortgage REITs in the green after dovish Fed

• Losing some ground of late on concern about a faster-than-expected series of rate hikes, the mortgage REITS (REM +1.1%) are catching a bid after the Fed cut its 2016 rate hike forecast to just two moves from four.
• Armour (ARR +1.5%), Annaly (NLY +0.9%), Chimera (CIM +1.6%), Invesco (IVR +1.7%), New York Mortgage (NYMT +1.4%), Hatteras (HTS +1%), Capstead (CMO +1.1%), Western Asset (WMC +1.5%), AG Mortgage (MITT +1.2%), Ellington (EFC +1.6%)
• ETFs: MORL, REM, MORT, LMBS
• Previously: Financials suffer as Fed cuts rate hike forecast (March 16)
• Previously: Fed stays on hold, sees just two rate hikes this year (March 16)