Wednesday, December 06, 2006

What gives?


Not sure what the high was, but at least 6.6 for 30 yr fixed jumbo.
Bankrate says 5.94% today.

Why have mortgage rates been dropping?

10 Comments:

At 1:25 PM, Blogger Rob Dawg said...

Predicting recessionm nothing more.

 
At 10:11 AM, Blogger InfidelSix said...

Could this be a response to the drop off in mortgage applications? Not sure who really sets the rates, but perhaps it is a natural business response designed to "goose" demand.

 
At 2:39 PM, Blogger John Doe said...

The market sets the rates. Less demand (from lower purchases and refi's) with steady supply will lower rates.

The real question now with UBS's warning about first payment defaults is around supply... which is where the bubble started in the first place.

A weakening dollar and bad trade deficit could create havoc through FCB currency rebalances. That could create a flight from the dollar and substantially affect spreads.

However, Robert is right... right now it is simply a precursor to recession. A lot of money is moving into fixed income assets to avoid a potential stock market rout.

 
At 1:24 PM, Blogger AnalysisGuy said...

Great pic of Nancy. A recession is clearly coming, even though Wall Street shows the odds at 50/50.

Also, I released today’s FREE report on Chicago. And it's a fairly normal market - that's strange for us CA natives... It joins prior FREE reports on Boston, Bakersfield, San Francisco, Seattle & Los Angeles.
thebubblebuster.com

 
At 11:24 AM, Blogger InfidelSix said...

She's definitley sporting the "What gives" look.


Now, I have to find a "Do you smell that?" photo of Helicopter Ben.

 
At 11:56 AM, Blogger sylvie said...

F'ing halarious! Just picture that face on the owners of the millions of re-sets coming in 07. Sweeeeet! Our ship will be sailing in soon...

 
At 11:41 PM, Blogger surfer-x said...

Love the graph on the front page. I assume it's a graph of metal commodities, no?

http://i12.photobucket.com/albums/a216/Pixbucket/crb14.gif

BUBBLICIOUS!!!

 
At 11:43 PM, Blogger surfer-x said...

http://i12.photobucket.com/albums/a216/Pixbucket/crb14.gif

 
At 11:45 PM, Blogger surfer-x said...

http://i12.photobucket.com/albums/a216/Pixbucket/crb14.gif?t=1166946299

 
At 11:02 AM, Blogger Markus Arelius said...

Oh yeah, let's lower interest rates because of a pending recession.

Brilliant. Good idea.

Oh, wait a minute...
Are we sure that inflation is under control? And last I checked the US Dollar was falling in value like freaking ROCK!

 

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