Rental Property Investor · Jackson, MS · Member since 2020 · 156 posts · 41 votes
I have heard the US treasury is dropping its interest rates due to corona virus. Does this mean banks will drop their mortgage loan rates as well? If so, is this a good tome to buy properties?
I have heard the US treasury is dropping its interest rates due to corona virus. Does this mean banks will drop their mortgage loan rates as well? If so, is this a good tome to buy properties?
With the volatility right now the 30-year rates will be in the low 3s. But we may not dip squarely into the 2s until capacity and other payoff dynamics play out. If anything, I expect it will exacerbate what now has become a ‘volume issue’ as evidenced in the pricing sheets from lenders who cannot catch up. As lenders work through their pipelines quickly, aggressive and sporadic offerings will be available for those poised and ready to take action.