Fed chair Powell is like the James Bond of central banking – licensed to thrill.
And did he ever. The Fed banker with the golden gun started the rate festivities early this week, leaving mortgage originators feeling like they just hit the jackpot.
The 2-year #GoC# yield—which often front-runs BoC policy changes—dove with U.S. rates. It's now below its 18-month moving average (MA) for the first time since 2021 (chart below).
You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.
Comments
Sign in or become a MortgageLogic.news member to read and leave comments.
Just enter your email below to get a log in link.