Mortgae Rates November 20, 2008
I may have spoken too soon!
Yesterday I stated we normally see the Flight to Security in sell offs such as yesterdays.
Today the Flight took off. We are now witnessing historic yields never seen on U.S. Treasuries.
The Two-Year has never dropped below 1%; today it did!
In uncertain times investors will invest their funds in investments that will yield returns, without huge risks. This is the reasoning behind the historical Treasury Yields.
Remember Mortgages perform well when the Stock Market does Poor. FNMA 30-YR 6% up .19bp to close at $101.44
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