[Fearful]

Sounds reasonable; also, Fannie does not do a good job of assessing default risk when buying mortgages.

Jumbos have come down, too, though not as much as conforming.

[Fearful]

Sounds reasonable; also, Fannie does not do a good job of assessing default risk when buying mortgages.

Jumbos have come down, too, though not as much as conforming.

[Fearful]

Sounds reasonable; also, Fannie does not do a good job of assessing default risk when buying mortgages.

Jumbos have come down, too, though not as much as conforming.

[Fearful]

10 year treasuries are, assuming no dollar devaluation, going to rise as the stock market falls.

Global recession fears will drive, in the short term, movement of cash from U.S. equity markets to U.S. treasuries.

If the U.S. sinks in to recession independently of the rest of the world, that is, Asia and perhaps Europe recover and leave the U.S. behind, funds will leave the U.S., both treasuries and equity markets.

So it seems to me that the current low yields on treasuries are an anomaly – money is being parked in treasuries while global investors figure out what the hell is going on.

Might be a relatively unique opportunity to catch these mortgage rates.

[Fearful]

10 year treasuries are, assuming no dollar devaluation, going to rise as the stock market falls.

Global recession fears will drive, in the short term, movement of cash from U.S. equity markets to U.S. treasuries.

If the U.S. sinks in to recession independently of the rest of the world, that is, Asia and perhaps Europe recover and leave the U.S. behind, funds will leave the U.S., both treasuries and equity markets.

So it seems to me that the current low yields on treasuries are an anomaly – money is being parked in treasuries while global investors figure out what the hell is going on.

Might be a relatively unique opportunity to catch these mortgage rates.

[Fearful]

10 year treasuries are, assuming no dollar devaluation, going to rise as the stock market falls.

Global recession fears will drive, in the short term, movement of cash from U.S. equity markets to U.S. treasuries.

If the U.S. sinks in to recession independently of the rest of the world, that is, Asia and perhaps Europe recover and leave the U.S. behind, funds will leave the U.S., both treasuries and equity markets.

So it seems to me that the current low yields on treasuries are an anomaly – money is being parked in treasuries while global investors figure out what the hell is going on.

Might be a relatively unique opportunity to catch these mortgage rates.

[Fearful]

10 year treasuries are, assuming no dollar devaluation, going to rise as the stock market falls.

Global recession fears will drive, in the short term, movement of cash from U.S. equity markets to U.S. treasuries.

If the U.S. sinks in to recession independently of the rest of the world, that is, Asia and perhaps Europe recover and leave the U.S. behind, funds will leave the U.S., both treasuries and equity markets.

So it seems to me that the current low yields on treasuries are an anomaly – money is being parked in treasuries while global investors figure out what the hell is going on.

Might be a relatively unique opportunity to catch these mortgage rates.

[Fearful]

10 year treasuries are, assuming no dollar devaluation, going to rise as the stock market falls.

Global recession fears will drive, in the short term, movement of cash from U.S. equity markets to U.S. treasuries.

If the U.S. sinks in to recession independently of the rest of the world, that is, Asia and perhaps Europe recover and leave the U.S. behind, funds will leave the U.S., both treasuries and equity markets.

So it seems to me that the current low yields on treasuries are an anomaly – money is being parked in treasuries while global investors figure out what the hell is going on.

Might be a relatively unique opportunity to catch these mortgage rates.

[Fearful]

I can understand funds flowing to 10yr from the stock market.

However, I cannot understand funds flowing in to mortgages.

Anybody that can help me understand why mortgage rates have been going down lately?

[Fearful]

I can understand funds flowing to 10yr from the stock market.

However, I cannot understand funds flowing in to mortgages.

Anybody that can help me understand why mortgage rates have been going down lately?

[Fearful]

I can understand funds flowing to 10yr from the stock market.

However, I cannot understand funds flowing in to mortgages.

Anybody that can help me understand why mortgage rates have been going down lately?

[Fearful]

I can understand funds flowing to 10yr from the stock market.

However, I cannot understand funds flowing in to mortgages.

Anybody that can help me understand why mortgage rates have been going down lately?

[Fearful]

I can understand funds flowing to 10yr from the stock market.

However, I cannot understand funds flowing in to mortgages.

Anybody that can help me understand why mortgage rates have been going down lately?

[Fearful]

Rich, that’s a first-rate write-up. Thank you.

I find it hard to believe that the Fed would knowingly allow moderate to severe inflation, but maybe that is preferable to risk of deflation?

One could argue that the emergency cut this morning was to forestall panic in the markets.

Or that declines in the markets informed the Fed that economic contraction was under way, so it made sense to avert deflation by proactively cutting interest rates to hold the money supply steady.

Very confusing times we live in.

[Fearful]

Rich, that’s a first-rate write-up. Thank you.

I find it hard to believe that the Fed would knowingly allow moderate to severe inflation, but maybe that is preferable to risk of deflation?

One could argue that the emergency cut this morning was to forestall panic in the markets.

Or that declines in the markets informed the Fed that economic contraction was under way, so it made sense to avert deflation by proactively cutting interest rates to hold the money supply steady.

Very confusing times we live in.

[Author]

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