Redwood Trust, Inc. (RWT): Among the Cheap REITs with Huge Upside [Yahoo! Finance]
Redwood Trust, Inc. (RWT)
Last redwood trust, inc. earnings: 2/27 04:16 pm
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US:NYSE Investor Relations:
redwoodtrust.com/corporateprofile
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Source: Yahoo! Finance
In the week ending October 24, the average rate on a standard, 30-year fixed mortgage was 6.54%, hitting its highest level since early August. Previously, the mortgage rates dropped to their lowest since early February 2023 after the Fed made its first big rate cut. However, home buying activity hasn't accelerated as such. Sales of previously owned homes accounting for the majority of the market declined 1% in September from the preceding month. On the contrary, new home sales rose 4.1% in September. While the slow demand could be attributed to lower rates coming too late for many homebuyers as they tend to buy and sell homes in the spring season, some are hoping for the rates to fall even lower as they look forward to the Fed's upcoming rate cuts. At the same time, a chronic shortage of inventory is harming the market, with home prices rising in September for the 15th consecutive month. On October 25, Robert Reffkin, Compass CEO, appeared on CNBC to discuss the housing market. H
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RWT
News
- Redwood Trust, Inc. (NYSE: RWT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Redwood Trust, Inc. (NYSE: RWT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Fred Matera Promoted to Chief Executive Officer of CoreVestBusiness Wire
- Redwood Trust Announces New Hires to Drive Advancements in Technology and Growing Non-Agency OpportunitiesBusiness Wire
- Redwood Trust Reports Third Quarter 2024 Financial ResultsBusiness Wire
RWT
Earnings
- 10/30/24 - Miss
RWT
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- 10/30/24 - Form 8-K
- RWT's page on the SEC website