Smooth brain translation: It means the feds have way too much liquidity. Banks have cash to lend, but nobody’s borrowing, so they’re parking it and selling it at a . 05 percent loss to try and sell more loans. This is unheard of and 2-3 percent mortgage rates.
Smooth brain translation: It means the feds have way too much liquidity. Banks have cash to lend, but nobody’s borrowing, so they’re parking it and selling it at a . 05 percent loss to try and sell more loans. This is unheard of and 2-3 percent mortgage rates.