https://notoriousrob.com/2022/06/finally-no-bid-on-mbs/
Mortgage rates heading higher. Not much demand for bonds that yield negative in real terms.
No bid on mortgage backed securities
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Re: No bid on mortgage backed securities
Days like today one can think that the time has come for the whole market to go no-bid.Jack Jones wrote: ↑Mon Jun 13, 2022 6:50 am https://notoriousrob.com/2022/06/finally-no-bid-on-mbs/
Mortgage rates heading higher. Not much demand for bonds that yield negative in real terms.
Re: No bid on mortgage backed securities
So this presages a housing market crash, yes?
Mortgage rates = cap rates = prices. When prices drop below replacement cost, we have a crash.
What am I missing?
Mortgage rates = cap rates = prices. When prices drop below replacement cost, we have a crash.
What am I missing?