Why mREITS investors aren't looking at wider spread upside?
I think there is too much emphasis on book value concerns. Look at bank stocks - benefiting from wider spread. They have existing mortgages on the books too! ARR at 18% yield is just too rich. Buyers will have to come in.
10 yr rates go up, ARR makes more money on spread just like banks. Bank stocks are up. mREITS should be too. A stronger economy is good for mortgages. mREITS didn't benefit when QE3 started, why punish mREITS now on taper talk?