Lyn is dead on. I also agree with "no middle ground". If you don't trust a borrower, an extra 1% on the rate for 30 YEARS isn't going to do it. You can play around with rates on the short end when there is less duration risk, but who loses confidence and then loans for decades? Look for the term structure to shift way more to short term loans in the years to come.
Lyn is dead on. I also agree with "no middle ground". If you don't trust a borrower, an extra 1% on the rate for 30 YEARS isn't going to do it. You can play around with rates on the short end when there is less duration risk, but who loses confidence and then loans for decades? Look for the term structure to shift way more to short term loans in the years to come.
Lyn is dead on. I also agree with "no middle ground". If you don't trust a borrower, an extra 1% on the rate for 30 YEARS isn't going to do it. You can play around with rates on the short end when there is less duration risk, but who loses confidence and then loans for decades? Look for the term structure to shift way more to short term loans in the years to come.