MARKET UPDATE BLOG
Interest Rate Update
February 27, 2020

The benchmark 10-year Treasury hit a new low on Wednesday, 2/26 as global investors have been moving their money from equities into treasuries (seen as a safe haven investment). According to a 2/27 article on Axios.com written by Dion Rabouin, “Mass bond buying has taken place since the beginning of the year and picked up steam as headlines about the spread of novel coronavirus have grown more worrisome.”

The 10-year Treasury closed today at 1.27%. “We are currently offering our clients 10-year fixed-rate loans in the 2.75-4.00% range,” said Daniel Friedeberg, CEO of Barry Slatt Mortgage.