|
30yr mortgage rates are typically ~1.8% over 10yr UST. They are currently ~2.2% over. The issue is that banks set their own rates and they know full well that these are historic lows. They already have a massive backlog of business at current rates so they're not inclined to drop them to gain a competitive edge.
__________________
The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost.
2018 Jeep Grand Cherokee High Altitude Hemi | 2010 S4 Sold | 2010 BMW 135i Retired | 2006 Lotus Exige Sold
|