Bullish news on rates

User Forum Topic
Submitted by gzz on February 21, 2020 - 5:10pm

30 year bonds just hit an all time low (1.89%)

Black Knight reports mortgage delinquency rate is also at an all time low.

Submitted by gzz on February 21, 2020 - 5:52pm.

Lower delinquent rates mean lower fees for PMI, lower rates for jumbos, and lower charges from the GSEs for conforming loans.

The last thing needed for bubble 2.0 is a return to loose underwriting. Yield hunger and lower losses year after year is the ticket. 2008 is so very long ago. It’s a new paradigm! A mortgage is a civil right!

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