Point Survey: 70% of Homeowners with an Adjustable-Rate Mortgage Regret It [Yahoo! Finance]
Redwood Trust, Inc. (RWT)
Last redwood trust, inc. earnings: 2/27 04:16 pm
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Source: Yahoo! Finance
Palo Alto, California, March 11, 2024 (GLOBE NEWSWIRE) -- Despite saving money in the early years of their mortgage, 70% of homeowners who have taken out an adjustable-rate mortgage in the past 10 years regret it, according to a new study from Point, the largest home equity investment platform. (1) Adjustable-rate mortgages (ARMs) typically offer lower interest rates during the introductory period than fixed-rate mortgages – but unlike fixed-rate mortgages, ARM rates adjust to market levels once the initial introductory period ends and then at regular intervals until the mortgage is repaid. Many homeowners who took out an ARM within the last 10 years may be at or near the end of their fixed-rate period at a time when interest rates are at their highest levels in decades. (2) As a result, many ARM holders can expect a higher monthly mortgage payment now than they had three, five, seven, or 10 years ago. Despite increasing payments and the fact that many of these homeowners say the
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RWT
News
- Redwood Trust, Inc. (NYSE: RWT) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $8.00 price target on the stock.MarketBeat
- Redwood Trust Announces Date of First Quarter 2024 Financial Results Webcast and Conference CallBusiness Wire
- Redwood Trust: Why The 10.3% Yielding Preferreds Should Be Considered [Seeking Alpha]Seeking Alpha
- Redwood Trust, Inc. (NYSE: RWT) was downgraded by analysts at Wedbush from an "outperform" rating to a "neutral" rating.MarketBeat
- Redwood Trust, Inc. (NYSE: RWT) had its price target lowered by analysts at Keefe, Bruyette & Woods from $7.75 to $7.25. They now have an "outperform" rating on the stock.MarketBeat
RWT
Earnings
- 2/20/24 - Miss
RWT
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- RWT's page on the SEC website