Powell Succeeds Yellen as Fed Reserve Chair “In Friday pre-trading, the yield on the benchmark 10-year Treasury note rose to 2.854%, the highest intraday level since January 2014.” –“Dow Set for Its Biggest Weekly Fall in Two Years“; The Wall Street Journal (2/2/18). It had to happen. With the stock market making record highs, and...Read More
From (Big) Premium to Discount Three years ago — give or take — there was a HUGE premium for a jumbo mortgage (over $417k in most markets) relative to a conforming one. As I recall, the spread was something like 150 basis points. Translation: when conforming rates were 4%, jumbo’s were at 5.5% — assuming...Read More
