John Lemos's (jplemos) Blog

 We are in the midst of a global bond market sell-off that has erased over $1 trillion of value from bonds all across the world, including US mortgage bonds.  When mortgage bond prices decline, mortgage rates go up… and mortgage bond prices have fallen off a cliff recently (see chart).  Here are ...

A Special Report on US Interest Rates Long term interest rates: mortgages and auto loans When you take out a home mortgage or auto loan, the lender normally sells your loan into the bond market (see illustration below).  This allows lenders to continuously replenish their available funds and loan...