If the ratio of 30yr mortgage to 30yr treasury holds, and i…
If the ratio of 30yr mortgage to 30yr treasury holds, and it probably won't, but if it does...
the 30-year treasury looks headed for 4.5%
At current ratio, that works out to 7.88% on the 30-year mortgage
Replies
People will be trapped in home falling in price with no way to refinance. Foreclosures should surge in this scenario.
Cash will be king again.