Wednesday, 26 June 2013

Reads of the day

BoE warns banks of risk of sharp global interest rate rise
Wed Jun 26, 2013 5:33am EDT
(Reuters) - The Bank of England warned banks and borrowers on Wednesday about risks from a potential abrupt rise in global interest rates, and said banks might need to further bolster their capital cushions to protect against this.

Mortgage Brokers: 50% hit thanks to buy downs, rate sites
The success and popularity of rate sites are forcing brokers to buy down rates, and squeezing bps until there is almost nothing left, says one broker, who estimates he has lost an estimated 50 per cent of his potential revenue.

"What the Heck is Happening to Five-Year Fixed-Mortgage Rates?" 
(With comparison of 5y-fixed vs 5y-var vs 10y-fixed)

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