State Lending Law Changes Sweep Across the Country; LO Updates


Posted To: Pipeline Press

Regardless of weather, there are 251 business days in 2018, one more than in 2017. For years we’ve been counting the days for rates to move higher, yet the 10-year Treasury note finished 2017 yielding 2.41% versus beginning 2017 yielding 2.45% – nearly unchanged! Yet the entire yield curve has been flattening: The Fed has raised short term rates, which tend to impact 15-year pricing, while the long end of the curve has barely budged. Loan officers have noticed that the spread between 30-year and 15-year fixed-rate mortgages, historically around .75%, has shrunk to .50% or less. The flattening yield curve has puzzled many, as typically it leads to a recession, but now some economists are saying there are several causes, none of which warrant a “red flag” of concern –…(read more)

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