Posted To: MBS Commentary
Another week, another chance for markets to express their feelings about European QE, Greek theater, and ‘global growth concerns.’ So far, these things have been nothing but great for domestic interest rates–particularly the longer maturities. This is also compounded by fear that the Fed is on some ideological mission to hike rates simply to stick to its own script, and because domestic economic data has been defiantly decent compared to the rest of the world. Consequently, the next time someone suggests that this year’s potential Fed rate hike could hurt mortgage rates, kindly inform them that rates have plummeted to long-term lows all throughout the time when rate-hike expectations have been increasing. You could also add that low rates are being fueled by a lack of inflation…(read more)
Via:: MBS Week Ahead: Assessing Global Growth Concerns with Ample Data at Home and Abroad
