Seasonality
PMT seasonality — PennyMac Mortgage Investment Trust
Over the last 11 years, PMT's strongest month on average has been June (+9.2%) and its weakest September (-4.5%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +4.08% | +3.19% | 70% | +23.1% | -5.7% | 10 |
| Feb | -1.63% | +0.08% | 50% | +10.0% | -14.6% | 10 |
| Mar | -2.84% | +2.47% | 60% | +8.3% | -48.7% | 10 |
| Apr | -2.20% | -0.67% | 50% | +4.5% | -12.3% | 10 |
| May | -1.35% | -1.62% | 30% | +6.4% | -14.1% | 10 |
| Jun | +9.18% | +4.84% | 90% | +59.2% | -14.5% | 10 |
| Jul | -1.88% | -1.81% | 50% | +11.1% | -16.4% | 10 |
| Aug | -0.20% | -1.20% | 40% | +4.9% | -9.1% | 10 |
| Sep | -4.45% | -0.03% | 50% | +2.2% | -20.7% | 10 |
| Oct | -0.65% | -3.19% | 40% | +17.7% | -7.7% | 10 |
| Nov | +4.04% | +6.64% | 78% | +14.2% | -13.8% | 9 |
| Dec | -3.12% | -1.24% | 40% | +6.5% | -18.9% | 10 |
Monthly returns heat map — PMT
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.7 | 3.6 | -4.9 | 4.5 | -14.1 | 7.8 | -16.4 | -1.2 | -15.4 | -5.2 | 5.1 | -37.5% | |
| 2025 | 8.0 | 7.7 | 0.0 | -12.3 | -4.4 | 4.7 | -8.3 | 4.4 | -0.4 | -1.8 | 6.6 | -2.3 | -0.3% |
| 2024 | -4.1 | -1.5 | 3.9 | -5.7 | -1.2 | 0.5 | 0.1 | 3.2 | 0.3 | -5.5 | 0.8 | -7.4 | -15.8% |
| 2023 | 23.1 | -14.6 | -5.4 | 0.8 | -6.4 | 15.8 | -5.2 | 4.9 | -7.5 | 2.0 | 11.0 | 6.5 | +20.7% |
| 2022 | 2.8 | -12.5 | 8.3 | -9.2 | 5.5 | -14.5 | 11.1 | -3.3 | -20.7 | 17.7 | 10.1 | -18.9 | -28.5% |
| 2021 | -1.9 | 10.0 | 3.3 | 2.3 | -2.2 | 7.5 | -6.4 | -1.6 | 1.4 | 2.3 | -13.8 | -0.2 | -1.5% |
| 2020 | 4.3 | -11.0 | -48.7 | -2.1 | 5.9 | 59.2 | 7.5 | -9.1 | -6.2 | -6.8 | 14.2 | 2.9 | -21.1% |
| 2019 | 8.7 | 0.7 | 1.6 | 1.4 | -0.9 | 5.0 | 0.9 | -1.2 | 2.2 | 3.0 | 0.9 | -3.5 | +19.7% |
| 2018 | 2.0 | 1.6 | 8.2 | -2.4 | 6.4 | 1.4 | 1.6 | 3.6 | 1.3 | -4.6 | 9.0 | -11.5 | +15.9% |
| 2017 | 3.5 | -0.5 | 5.3 | 0.7 | -2.0 | 4.4 | -3.8 | -1.8 | 0.6 | -7.7 | -2.5 | 2.6 | -1.8% |
| 2016 | 0.6 |