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Greek Bond Market is evidence of what may happen to our mortgage rates with possible default

By
Mortgage and Lending with Guild Mortgage - NMLS ID #3274 NMLSR ID # 644428

I found a chart this week that I think shows what might happen if we don' get our fiscal house in order and quickly.  The Pimco braintrust sometime over the last week or so said they believe that the country of Greece may default on thier sovereign debt within 3 years.  That but a chill in the debt offered up by this European country.  i read an article that talked about how that may effect stocks worldwide.  I saw it in a different way being a mortgage guy and a bond market watcher.

 

 

 

Posted by

Michael Cantwell

Licensed Mortgage Banker in Florida

My website - www.MichaelCantwellTeam.com

My Mobile # 561-262-5366

Loan Officer - NMLS: 644428
Guild Mortgage NMLS: 3274
Guild Mortgage is an Equal Housing Lender – This is not a commitment to lend.
www.MichaelCantwellTeam.com
           

Comments (2)

Tom Priester
Paradise Sharks - Jupiter, FL
Paradise Sharks

Michael, really scary stuff going on in Greece. Just read a great article yesterday about Europe as a real trouble spot in the world economy. Cheers!

Nov 01, 2010 10:22 PM
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Nov 01, 2010 10:26 PM
#2