AgentIndustry News

Bond giant makes ‘good case’ for real estate slowdown

Recession talk makes comeback
Published on Feb 24, 2006

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Mortgage rates are still within a closing-cost argument of 6.25 percent, held stationary by 10-year T-notes locked in trading between 4.5 percent and 4.6 percent.

The bond market is in a total standoff: fears of an overheating economy and energy-pushed inflation are matched by belief that a rapidly cooling housing market will slow the economy. In the slowdown equation, it doesn't matter how high the Fed pushes short-term rates; the farther it does, the quicker and more the economy will slow, and the more money that owners of bonds will make in the slowdown ...

Comments