Pulse on the Market
Turning to interest rates, now the yield on the 10-year risk-free T-note is above where it was soon after the Brexit vote.
Why?
First off, the world didn’t end. It will take years, possibly decades to resolve.
Lots of experts think the impact on the U.S. will be minimal. Last week’s market activity was attributed to the poor demand for the regular 10-year auction paired up with:
- a huge supply calendar today EGBs
- corporate debt being sold
- and our $12 billion 30-year bond auction.
There’s only so much demand, right?
About Fidelity Bancorp Funding
Fidelity Bancorp Funding is an Orange, California-based firm providing mortgage options to meet the long-term needs of clients of all ages and scenarios, including Realtors, homebuyers and investors. Founded in 2000, the firm is dedicated to superior standards and best practices, and recently surpassed $9 billion in funding provided nationwide. Fidelity Bancorp Funding specializes in assisting homebuyers or those in complex situations or who need alternative options such as bridge financing to help ensure that they get the deal they want.For more information, visit www.fidelitybancorpfunding.com or call (714) 908-5100.
