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Posted To: MBS Commentary
Yesterday's recap mentioned a 'farewell' to low short term rates despite longer term rates 'faring well.' This is a reference to the major changes that have been taking place with the yield curve in July. But just what the heck is the yield curve? If you're familiar with the yield curve, thinking about it is fairly second nature, but it takes some time spent thinking about it before that happens. If it's second nature for you, feel free to skip to the chart. If it's not second nature, don't worry, it's not that bad . I find the easiest way to think of the yield curve is to forget the curve part. Forget thinking about it as a line on a chart. After all, if you do that, you'll be left with this same, boring, fairly meaningless chart that always pops...(
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http://www.mortgagenewsdaily.com/mortgage_rates/blog/493274.aspx- For more real estate news visit our website at http://www.AzHomeHelp.com
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