Falling Mortgage Rates Aren’t What They Used to Be
Bloomberg, Aug. 16, 2019–Justin Fox
The 30-year Treasury yield has been spending some time below 2% this week, territory it has never before explored. That says scary things about expectations for future inflation and economic growth. But it also means lower mortgage rates, which in turn means refinancings and house purchases and other economically stimulative things. (MBA mention)
