Name: Why mortgages are not cheaper Charts that Count
Uploaded: 2020-05-02T01:05:28.000Z
Duration: 2 min 33 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

There are no upsides to a global health crisis.

abetted by an aggressive programme of bond buying

by the US Federal Reserve, has driven the yield on the US

10-year Treasury down to just over half a per cent.

Other forms of debt caught in the same gravitational field

Yes, governments and companies can borrow more cheaply.

Perhaps the most important way that lower rates

helps consumers and families is through lower-priced mortgages.

And indeed, the average rate on the US 30-year fixed rate

mortgage has fallen to 3.5 per cent, by historical standards

about at a backyard barbecue, if we're ever

Look, however, at that little spike in mortgage rates just

Investors, spooked by the idea that homeowners

clogged, prompting the Fed to step in and buy

That seemed to work, bringing mortgage prices down.

between the 30-year mortgage rate and the 10-year Treasury.

hovers at around 1.5 to 2 percentage points.

In other words, mortgages are not cheap, not cheap at all

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Why mortgages are not cheaper Charts that Count

incredible

crisis

average

aggressive