Posted To: Pipeline Press

Curfews and civil unrest have replaced COVID in the news. Meanwhile, investors are watching record low debt issuance yields from companies like Amazon and Costco (1.50-1.62 percent 10-year notes, lowering their cost of capital dramatically). Low rates for a mortgage these days are certainly more common than finding a jumbo investor offering a 20 percent down product. And those rates could be with us for a long time, impacting LO business and servicing values. Many believe that the Federal Reserve will basically repeat its “postcrisis playbook” from ten years ago and leave the overnight Fed Funds rate near zero for several years. A spike in inflation has not been an issue for decades. (In fact, consumer price increases have been very steady .) What may not be steady is individual…(read more)

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Source: Mortgage News Daily