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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (28099)3/8/2005 1:54:31 PM
From: ild  Read Replies (1) of 110194
 
Five year yield over 4%. Can't be good to RE. Most popular 5/1 IO ARM mortgage today is at 5.125%. It was less than 4% at that time last year.

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EDIT: Plunge in interest rates at that time last year accompanied by very low inventory helped to push RE values up about 15% in three months from Feb 2004 to April 2004. I'm referring to So Cal RE. Today interest rates are much higher and inventory is not low.
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