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GNMA

$--
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1d
1w
1m

Analysis and statistics

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About

GNMA.US is the ticker symbol for the iShares MBS ETF. This ETF is designed to track the investment results of an index composed of investment-grade mortgage-backed pass-through securities guaranteed by the Government National Mortgage Association (GNMA), also known as Ginnie Mae. These securities represent interests in pools of fixed-rate mortgages.
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Factors

Interest Rate Changes: Rising rates typically decrease GNMA ETF prices as older, lower-yielding mortgages become less attractive. Falling rates tend to increase prices.

Prepayment Risk: Unexpectedly high mortgage prepayments reduce the stream of future interest payments, lowering the ETF's value. Economic factors like refinancing drive prepayments.

Credit Risk: GNMA securities have government backing, minimizing credit risk, but perceived changes in government support can still slightly impact pricing.

Supply and Demand: Greater demand for GNMA ETFs drives prices up, while increased selling pressure pushes them down. Market sentiment plays a role.

Economic Conditions: Overall economic health influences mortgage rates and prepayments, indirectly impacting GNMA ETF prices. A strong economy can lead to higher rates and prepayments.

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