I was listening to a financial news report on the radio the other day and picked up on someone (regrettably I did not get their name) who was mentioning that the Treasury was having a difficult time selling bonds to cover Government operations. The implication being that no one wanted the U.S. debt at the rates being offered and in this case the Treasury purchased the bonds. I believe that is what is affectionately referred to “monetizing” our debt.
I decided to take a look around and see what might be happening in the bond market, because… and pay close attention here… the 10 year Treasury bond yield is what drives conventional mortgage rates. Typically, mortgage rates are 2 to 2.5 percentage points higher then the 10 year Treasury bond yield. For instance, the current yield is 3.77 and 30 year fixed mortgages are at about 5.14%
As I was searching I found […]
Original post by Peter Giardini and software by Elliott Back
Real Estate Flipping Lease With Option