Credit to: Molly Grace, Mortgage Reporter
The interest to keep an eye on is the Fed’s 10 year treasury rates. This is the bench mark used by most banks when they set their interest rates. As long as the Fed keeps raising interest rates, eventually so will lenders.
This would be such great news :). Thank you for sharing this!!!
If Fed raises interest rate and lenders follow, accompanied with high unemployment equals few new homeowners and refis. Hence, very little work for NNAs.