Updated over 3 years ago on . Most recent reply
Get Ready for Near 8% DSCR Loans
The bond markets continue to parabolically rise (specifically the 10Y treasury yield). The treasury yields are what actually moves interest rates, even more than the FED's rate on banks borrowing money, that is about to be raised 75 bps too. The bond markets price in FED decisions before they even come out with the actual updated policy changes.
The sentiment is, the FEDS are going to slam the breaks on the economy even though they continue to come out and say we are past peak inflation. Mean while you have Joe Biden and the entire administration who seems to be full steam ahead with more spending as they keep beating the drum that all this was caused by Putin. Buckle up people, I think we are in for a hard landing.
- Matthew Crivelli
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#2 Starting Out Contributor
- Flipper/Rehabber
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#2 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
Any more specific thoughts?
I think a loan that you can qualify for without W2 income is fantastic. As long as the rents can support it, and the rate is fixed, I'm not really worried about what the rate is... I just closed on one at 6.75% and I'll happy do so again in the 8s.