Posted To: Pipeline Press
Who predicted that we’d be at 1.22 percent on the 10-year yield to start August? And 30-year fixed-rate mortgages still chopping around in the high 2 percent area? Or that the FHA would announce another extension of its moratorium on evictions for foreclosed borrowers and their occupants? Predictions are rough, and often forgotten, but numbers are interesting things. Whatever you do, always give 100%, unless you’re donating blood. We’re in an industry determined by numbers. Interesting times in the debt markets. Apple just issued 40-year debt at .92 percent above comparable U.S. risk-free Treasury yields. Mortgage rates, of course, are determined in part by the risk of prepayment and the risk of default. (They also include profit margins, competitive positioning, covering overhead…(read more)
Source: Mortgage News Daily
