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<p>[QUOTE="GoldFinger1969, post: 4738189, member: 73489"]Mortgage rates are set weekly. Check the Freddie PMMS here:</p><p><br /></p><p><a href="http://www.freddiemac.com/pmms/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.freddiemac.com/pmms/" rel="nofollow">http://www.freddiemac.com/pmms/</a></p><p><br /></p><p>The 10-year move is a blip of a blip. You're talking about 0.52% to 0.69%, which is BELOW the weekly and monthly averages the last few months.</p><p><br /></p><p><a href="https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/TextView.aspx?data=yieldYear&year=2020" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/TextView.aspx?data=yieldYear&year=2020" rel="nofollow">https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/TextView.aspx?data=yieldYear&year=2020</a></p><p><br /></p><p>Even 30-year mortgages track the 10-year Treasury since the duration (weighted cash flows) is closer to a 30-year mortgage. And there's probably NOT much more downside to mortgage rates -- nobody is going to lend much below 3% unless we have negative rates and the Fed/Treasury PAY banks to lend money.</p><p><br /></p><p>I think people now realize that there is a growing anti-wealth, anti-private property mentality that we have seen the last few months.</p><p><br /></p><p>European Socialism has come to America and it is a cancer that must be defeated like Covid-19.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie103" alt=":yack:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Rates are so low that the opportunity cost of holding PM's is nonexistent. Nobody thought 30-year Treasuries would go much below 3% and 10-year much below 1.5% and look where we are. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Treasury supply is dwarfed by debt deflation dynamics. Read <span style="color: #0000ff"><b>Ambrose Evans-Pritchard at The Telegraph </b></span><span style="color: #000000">for great global analysis of debt dynamics and "The Denominator Effect." That is suppressing global bond yields.</span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">We had 35 years of rising interest rates and inflation from 1946-81....the last few years were an inflationary melt-up...we could be seeing the flip-side of that with a deflationary or disinflationary bent....question is, are we in the final throws of this decline in bond yields (1979 or 1980) or are we in the early-innings (1966 and 1967)?</span>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4738189, member: 73489"]Mortgage rates are set weekly. Check the Freddie PMMS here: [URL]http://www.freddiemac.com/pmms/[/URL] The 10-year move is a blip of a blip. You're talking about 0.52% to 0.69%, which is BELOW the weekly and monthly averages the last few months. [URL]https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/TextView.aspx?data=yieldYear&year=2020[/URL] Even 30-year mortgages track the 10-year Treasury since the duration (weighted cash flows) is closer to a 30-year mortgage. And there's probably NOT much more downside to mortgage rates -- nobody is going to lend much below 3% unless we have negative rates and the Fed/Treasury PAY banks to lend money. I think people now realize that there is a growing anti-wealth, anti-private property mentality that we have seen the last few months. European Socialism has come to America and it is a cancer that must be defeated like Covid-19.:yack: Rates are so low that the opportunity cost of holding PM's is nonexistent. Nobody thought 30-year Treasuries would go much below 3% and 10-year much below 1.5% and look where we are. :D Treasury supply is dwarfed by debt deflation dynamics. Read [COLOR=#0000ff][B]Ambrose Evans-Pritchard at The Telegraph [/B][/COLOR][COLOR=#000000]for great global analysis of debt dynamics and "The Denominator Effect." That is suppressing global bond yields. We had 35 years of rising interest rates and inflation from 1946-81....the last few years were an inflationary melt-up...we could be seeing the flip-side of that with a deflationary or disinflationary bent....question is, are we in the final throws of this decline in bond yields (1979 or 1980) or are we in the early-innings (1966 and 1967)?[/COLOR][/QUOTE]
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