Anyone have any views on when mortgage rates might start following the 10yr as they have in the past again, or general sentiment as to what rates are going to look like in the near future? Rate cut on 18th going to help or be a nonissue?
The question is about the same as “when is the liquidity problem in the mortgage world going to be resolved?”. That is the trillion dollar question.
10 yr rates can go down, but spreads can widen even more.