treasuries: Is 4% in our future? - 04/29/09 07:39 PM
In the previous norm, when I asked a mortgage lender what the current rates were and where are we going, they would turn to the 10 year treasury bond. While not exact, it certainly did move in tandem, traditionally with a spread or difference in rate of about 1.75  So, if the 10 year treasury was trading with a yield of 4.5% then mortgage rates would be at about 6.25%. With the Fed's announcement several weeks ago that they would be purchasing 1.15 trillion in mortgage backed securities, treasuries moved down below 2.5%. The thought being that President Obama might get … (0 comments)

 

Ray Williamson

Raleigh, NC

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Dream Living Realty

Address: 4800 Six Forks Rd, Suite 120, Raleigh, NC, 27609

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