Treasury Yield Curve Steepest Since 2005

The difference in Treasury 10-year and two-year note yields widened to the most since October 2005 as investors sought a haven from hedge fund losses.

Two-year notes were poised for their first weekly gain since April, while 10-year notes were down for a seventh week, widening the yield advantage of the longer-term debt to 23 basis points. Investors bought two-year notes as creditors moved to liquidate assets from two Bear Stearns Cos. hedge funds.

I think we are going to start seeing ARMS at 6.50 and FIXED RATES at 7.50 again. I am going to miss the flate yield curve where you walk into a bank and they have the rates posted in big black marker that says...

FIXED RATE  7.125%

5 YEAR ARM  7.625%

:-)

 
Posted by Kris Krajecki Mortgage Broker Huntley, IL on 06/22/2007 10:21 AM   Comments (1)   , ,  

1 Comments on Treasury Yield Curve Steepest Since 2005

Kris, we all knew that the flat yield curve wasn't here to stay. Borrowers who came in at the middle to tale end of the last refinance movement and took 5/1 ARMs will probably be just fine when their number comes up and they want to consider refinancing.

Dave Kosmecki - AmStar Mortgage

http://www.americanstar.com

 

06/22/2007 10:32 AM by David Kosmecki (AmStar Group at American Mortgage Corp)

I agree, I think we will see the 7's sooner than later on fixed rates.

06/22/2007 11:06 AM by Connecticut FHA LOANS,CT VA Loans CT First Time Home Buyer:CT Home Loans (www.BenchmarkCT.com: CT Commercial Loans)

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Mortgage Company: Kris Krajecki - American Mortgage Werks - Huntley, IL
Kris Krajecki Mortgage Broker Huntley, IL
Huntley, IL
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Kris Krajecki - American Mortgage Werks - Huntley, IL

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