The last time mortgage rates were this bad compared to Treasury rates, dinosaurs roamed the earth…and this morning it continues. After Jobless Claims fell 24,000 to a much lower-than-expected 351,000, we find the 10-yr at 3.67% but 30-yr mortgage prices worse by .50 in price. Fixed income investors need to be reminded why they should [...]
The Basis Point is a mortgage and housing blog for consumers. It's run by Julian Hebron, a mortgage banker in San Francisco serving retail borrowers, realtors, developers, and financial advisors. More...
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