As the five and ten-year treasury spreads narrow, inverted yield curve portend a recession is near. However, the economy continues humming along for nearly a decade with no end in sight, at least in the immediate future.… more...

If lower benchmark rates stay in place for a couple of consecutive quarters or more, mortgage rate floors may evaporate.  At such time, investors will be accustomed to a ‘new normal,’ otherwise; funding sources are playing a wait-and-see game.… more...

The current cycle rewards borrowers, rather than savers. Borrowers welcome debt service payment relief, as labor costs and other ownership expenses escalate.… more...