This could have an impact on fixed rate REITs like AGNC. 10 year bonds are down 125 basis points. I noticed the charts on more long term loans are going down. Some people may be refinancing loans as well which means some securities may be paid off early which is less income for companies like AGNC. AGNC is down 2% today but CMO is up almost 1%. This may be one example why you should hold different types of REITs.