Get Ready for Near 8% DSCR Loans

[Matthew Crivelli]

The bond markets continue to parabolically rise (specifically the 10Y treasury yield). The treasury yields are what actually moves interest rates, even more than the FED's rate on banks borrowing money, that is about to be raised 75 bps too. The bond markets price in FED decisions before they even come out with the actual updated policy changes. 

The sentiment is, the FEDS are going to slam the breaks on the economy even though they continue to come out and say we are past peak inflation. Mean while you have Joe Biden and the entire administration who seems to be full steam ahead with more spending as they keep beating the drum that all this was caused by Putin. Buckle up people, I think we are in for a hard landing.