The yield curve, or difference between short term interest rates compared to long term rates have tightened. This is due to the long term interest rates (10yr/30yr notes) staying fairly stable over the past 6 months, but the short term rates (1yr/2yr notes) have gone up. The increase in short term ... » Learn More about Yield Curve Drops Making ARMs More Expensive Relative to Fixed Mortgage
Archives for January 2016
“The Big Short”, the Housing Bubble and Subsequent Mortgage Meltdown Explained
The critically acclaimed book/movie “The Big Short” is entertaining and gives some detail on the events and issues surrounding Wall Street’s hand in the 2008 Financial Crisis. Hear a more detailed analysis on what transpired, and the role all the players, above and beyond Wall Street, had in ... » Learn More about “The Big Short”, the Housing Bubble and Subsequent Mortgage Meltdown Explained