U.S. Treasury bond prices rallied Monday, with the 10-year note's yield touching 5 percent, because of continued concerns about the subprime mortgage market. Jason Evans, head of government trading at Deutsche Bank in New York, said that continued concerns about the subprime mortgage market fueled the government bond market's gains after Friday's hefty rally.[tags]subprime, subprime loans,home loans,housing bubble, real estate bubble, interest rates[/tags] San Diego downtown condos
3 thoughts on “Bond Interest Rates Move Up On Subprime Loan Problems”
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The lending industry has been grossly unregulated. If real estate agents treated customers like some of the unscrupulous lenders that I have encountered in the past 15 years, they would have lost their licenses and been sued.
Sharon
Adult Acne Treatment
People want MORE than what they can afford. If they did not, there would be no such thing as a credit card or a mortgage to begin with. If you want to be 100% honest, the only people that can “AFFORD” to purchase a home are the ones that can pay cash. EVERYONE ELSE…LITERALLY EVERYONE ELSE is at risk of borrowing money and not being able to pay it back. They could lose their job. They could die. Anything could happen.
Vicki
San Diego Tourism/Hotels
So, who is to blame for all this subprime lending? The Realtors proclaim their innocence from the highest mountains in all the lands, with seven flags from seven hills with bugles blowing and blazing through the night, with a PR campaign to boot and one, which is out of sight.
Trent
San Diego County Bail Bonds