Ramhock Posted March 10, 2008 Share Posted March 10, 2008 There was a theead where I mentioned that the mortgage rates were somewhat tied to the 10 yr Treasury and someone corrected me. Well, I assumed they were correct and for sure they were. The bond is lower than its ever been and the 30-yr par rate is @ 6.25%, meaning you will have to pay about 2 points for that. Looks like the 5.5% will not be back anytime soon. Investors must have decided that due to increasing delinquency, they need a higher rate of return from the conscientious adults who actuially pay their bills. Quote Link to comment Share on other sites More sharing options...
sundaynfl Posted March 11, 2008 Share Posted March 11, 2008 There was a theead where I mentioned that the mortgage rates were somewhat tied to the 10 yr Treasury and someone corrected me. Well, I assumed they were correct and for sure they were. The bond is lower than its ever been and the 30-yr par rate is @ 6.25%, meaning you will have to pay about 2 points for that. Looks like the 5.5% will not be back anytime soon. Investors must have decided that due to increasing delinquency, they need a higher rate of return from the conscientious adults who actuially pay their bills. I was going to PM you on that but felt like I would be saying "I told you so!" I realize that you are fairly new to the industry, if you ever need any help or have questions let me know! Quote Link to comment Share on other sites More sharing options...
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