The US 10 yr treasury rate and the Conforming 30 year mortgage rate track well together. The mortgage rate always has a premium relative to the treasury. Even in the best of times, the US treasury will always be a more secure investment than a mortgage, even though it’s secured by real estate.
Due to the economic instability and mortgage forbearances caused by the pandemic, the spread or margin between the mortgage and treasury rates expanded in March, along with the tightening of some lender underwriting guidelines. Very slowly, as the economy stabilizes, the spread has been easing, along with some guidelines.
I’m always avalable to evaluate specific finance scenarios.
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me
Ron Henderson GRI, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018)
Chairman – OutWest Marketing Meeting (Real Estate Education)
BRE #00905793 NMLS #310358
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth
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