The popular 30-year fixed mortgage rate is loosely benchmarked to the 10-year Treasury bond. Since the end of the Great Recession, the 30-year fixed mortgage rate has on average remained 1.7 percentage points higher than the 10-year Treasury bond yield. Yet, this spread is not always consistent.
Tag: First American
Odeta Kushi from First American: Mind the Gap Between Mortgage Rates and the 10-Year Treasury Yield
The popular 30-year fixed mortgage rate is loosely benchmarked to the 10-year Treasury bond. Since the end of the Great Recession, the 30-year fixed mortgage rate has on average remained 1.7 percentage points higher than the 10-year Treasury bond yield. Yet, this spread is not always consistent.
First American: Positive Industrial Real Estate Outlook Despite Dip
Industrial space remains in demand across the country despite recent headlines about tabled expansion plans from eCommerce companies and retail store closures, reported First American, Santa Ana, Calif.
Pending Home Sales Dropped 2.0% in August
The National Association of Realtors reported pending home sales waned for the third consecutive month in August, falling 2.0% from July.
The ‘Great House Moderation’ Varies by Market
Reports from First American Financial Corp., Santa Ana, Calif., and Black Knight, Jacksonville, Fla., show the “Great House Moderation” accelerating, with some markets experiencing steeper slowdowns than others.
An Upbeat Jobs Report, Followed by a ‘Misclassification Error’
At 8:30 a.m. on Friday, the Bureau of Labor Statistics issued a surprising May unemployment report: instead of the 8 million job losses expected by economists’ consensus, the report showed a dramatic 2.5 million increase in jobs, and a 1.4 percent dip in the unemployment rate, from 14.7 percent in April to 13.3 percent. But there was a catch–a huge catch.