Spreads shrinking, but why? (vacation condos united states)
Spreads shrinking, but why?
The spread between 10-year Treasury yields and mortgage rates has been shrinking. I have no idea why but I do have a guess.
Home sales cratered
Home resales plummeted 13 percent in March, compared to the previous March, according to the National Association of Realtors (NAR).
Congress: You’re powerless
There’s not much Congress can do to prevent an expected surge in foreclosures.
Kiss the dice & throw ‘em
If you’re conservative by nature, you’ll probably want to lock a rate before the first estimate of first-quarter gross domestic product comes out on Friday.
This is reasonable and expected since banks and lenders assume a somewhat higher level of risk with a bad credit loan.
Where’s the beef?
Ethanol production is making other crops more expensive, as well as boosting the price of cattle feed and therefore beef.
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