Interest Rate News

Crystal ball v. 2010 is as near-worthless as all of its predecessors. As this is being written, the 10-year US Treasury yield is 2.99% – down 100 basis points from April. The world’s turmoil results in ‘flight to quality’, which in turn creates demand for US Treasury bonds. However, as we've seen in the past, commercial mortgage interest rates are not following the Treasuries down at the same pace. Most institutional lenders have lowered their spreads somewhat to match the drop in corporate bond rates but have held firm to a ‘floor’ rate somewhere between 5.50% to 6.25% depending upon their supply of funds earmarked for mortgages, the quality of mortgage loans they are pursuing, as well as their perception of future economic and world news.

Source:
Peter W. Wong Associates / INTERVEST Newsletter, June 2010

 

10-Year Interest Rate Analysis
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10-Year Treasury Rate Analysis Graph

 

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