January 13, 2020 The trade tariffs have left the financial markets across the world on a rate reduction and currency devaluations! 10 year treasureies are around 1.75% just a tad higher than the lowest. But where do we go from here!? USA increasingly appears to be the 'safe haven' and funds have promptly flowed back to shore the stock market.
The recent Asian slowdown and skirmishes have further strengthened the US equity markets and further lowering of rates. Borrowers do not seem to be in a rush. I am assuming they expect this to stay at these levels!?.
With the refinancing activity most lenders are now backed up a bit and jumbo loans are taking 45 days.