Also in this playlist...
This transcript is automatically generated
This just in something that will blow you away because a lot of that -- to tell you was amazing the yield at a ten year treasury note I don't.
And it -- nerdy but bear with me he hit a record low.
Today one point 63%.
That's not only -- my friends that's beyond a financial joke.
Just a few short years ago was it 5%.
When Bill Clinton was president averaged around 7%.
In the early 1980s north.
Thought about it till then but this is not a joke now.
Investors are buying bonds like crazy despite those overturns and actually helping to push those yields even lower.
That's what happens with bonds the more people buying the higher the price form and below the interest rate attached to.
And since that ten year rate is pegged to a lot of mortgage rates below those mortgage rates go as well then you would think.
With the mortgage interest rates this low surely interest in buying a home would be really -- But it's not in fact the news on housing is getting worse not better.
Pending home sales falling five and a half percent in the latest month yes even with home prices still low and those mortgage rates really.
Think about it this -- Mortgages all likely at three something percent soon and nothing.
Nada zip of interests.
-- inflation that is practically.
Given loans away on homes as prices -- just a few years ago means there being almost given away as well.
It's still not takers still in the boom.
Like a robot wants to space this does not compute.
Lower rates should could do but they're not.
Still no CEOs investing casting get -- which.
Or average folks interested in even home projects they can now build on the -- It's pretty scary.
Smart folks -- doctors say it's all about confidence and people just are not confident.
So they keep their -- type of their wallets closed then buying this recovery even officials are all but given away this recovery turns out.
It's getting worse much worse.
Filter by section