MORT: A Buying Opportunity Emerges As Fewer 2026 Fed Cuts Priced In

The VanEck Mortgage REIT Income ETF has given up early 2026 gains as market pricing shifts toward fewer Fed rate cuts this year. I highlight key differences between money supply growth in the periods leading up to 2022 and 2026, making a rerun of 2022 somewhat unlikely even if war in Iran continues. MORT's recent dividend growth reflects benefits of 2024-2025 Fed rate cuts, with modest future dividend growth expected even if the Fed goes ahead with rate cuts.