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You have no idea what your talking about, Treasury yields have nothing to do with the mortgage rates, the Mortgage bond yields is what controls the mortgage rates.
Yes you are right. They are a total half wit. Read this today and it made me LOL at this thread.
Mortgage Rates Likely Headed to 4.5%
Government action to shore up the economy and improve the housing climate probably will send mortgage rates to 4.5 percent, Bill Gross, co-CEO at the Pimco bond fund, said Monday.
In addition to driving down mortgage rates and stimulating home-buying, the government's efforts also could include a move to cap Treasurys rates to encourage investors to take more risk, Gross said during a live interview on CNBC.
"I think at some point we're going to see a 4.5 percent mortgage rate and the 10-year Treasury rate capped at some level," he said. "When the Fed comes in to buy Treasurys that will be a big day."
You have no idea what your talking about, Treasury yields have nothing to do with the mortgage rates, the Mortgage bond yields is what controls the mortgage rates.
On the contrary, you are have no idea. The 30 year fixed mortgage is tied to the 10 year treasury yield with a spread that has historically averaged around 1.4%.
On the contrary, you are have no idea. The 30 year fixed mortgage is tied to the 10 year treasury yield with a spread that has historically averaged around 1.4%.
Mortgage Bond rates are what controls the Mortgage Interest rate. The Treasury yield may have some influence on the Mortgage Bond rate, but mortgage interest rates are not directly tied to them.
Please get your facts straight before you correct someone.
The whole LTV issue will hurt many - with the pace of decreasing home values - at least for most who bought within the last few years. Many just can't refi even if they wanted to or do it while avoiding PMI... you have to work that into the equation to see if it's worth it.
today 4.875% 30 yr no points - normal LTV ratio - Am Fed.
Still? They called me a few weeks ago with that offer for me to refi. Not worth it just yet...I'm at 6% so it would have only saved me 150/month. When it hit 4, I'll think about it
Are you working with Rich? If so, tell him his "new neighbor" said hey - he lives in Greenwich
Still? They called me a few weeks ago with that offer for me to refi. Not worth it just yet...I'm at 6% so it would have only saved me 150/month. When it hit 4, I'll think about it
Are you working with Rich? If so, tell him his "new neighbor" said hey - he lives in Greenwich
It was down, it was up, now down again! I'm working with another guy - Jim - nice dude. Do you get the emails?
It was down, it was up, now down again! I'm working with another guy - Jim - nice dude. Do you get the emails?
Even better...my neighbor calls me whenever he's working from home .
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