Posted To: Pipeline Press

Since eating inside a restaurant is problematic, now’s the perfect time to eat better at home, get fit, and stay healthy. Never mind: Who are we trying to impress? We have snacks, we have sweatpants, let’s use them! Would you be impressed if the entire U.S. yield curve dropped below 1 percent? It could happen. Traders and investors are betwattled by the prospect of the Federal Reserve holding interest rates close to zero for the rest of the year and beyond. (The 30-year risk-free Treasury yielded about 1.25% Monday.) Is this the “Golden Era” of residential lending, and lenders finance clients into rates with 1 or 2 percent handles? (There is always more risk with a home loan, like default risk or prepayment risk, so those rates will always be above Treasury rates.) Meanwhile…(read more)

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Source: Mortgage News Daily