Don’t get distracted by the rising rate song from the Street. We don’t look for short or medium term interest rates to rise in the near term or frankly for years. Agency 1.5% coupons “did not find a place in the latest Fed’s purchase schedule. It is possible (they) are included...
Next, using a moving average, the invention smooths each curve to reduce the randomness of the quarterly performance, thus obtaining the smooth curve 88 in FIG. 6. In fact, the slopes of the yearly bad rate curve are calculated as the percentage change in bad rates from one year to anothe...
We have not seen the end of the trend of negative equity in real estate. I would not be surprised to see more than 60% of residential real estate become underwater in the next year or so. When the Fed stops suppressing mortgage interest rates (as it has been doing for the last few ...
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