Reply to US30Y pushing back to 5% yield

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Reply to "US30Y pushing back to 5% yield"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As a Deutsche Bank report just pointed out, Europe owns a lot of American debt and equities.  Divesting those assets would push American borrowing costs on our 56 trillion in national debt even higher…

https://www.investing.com/news/economy-news/europe-owns-greenland--and-a-lot-of-us-treasuries-deutsche-bank-warns-4453684

European investors own around $8 trillion of U.S. bonds and equities, almost double the holdings of the rest of the world combined, making the region America’s largest lender.[/quote]

Europe literally owns us. That’s real power, and one they are increasingly willing to use. Mortgage rates were just starting to dip and threatened to give Trump his first real win of his presidency and boop - there they go up again. [/quote] I bought my first house in 1998 with a 7% rate. I bought my second house in 2005 with a 6.25% rate, both 30 yr. Current rates are 6.1%, 30 year. No one should be expecting lower rates to buy a house, now is the time. The days 3% are over. If rates do drop, refinance.[/quote]

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