While the logic of any forecast can be obliterated by a few economic reports (or tweets, for that matter), it’s impossible to observe current conditions without respecting the possibility of a renewed push toward all-time low bond yields and mortgage rates.
– Excerpt from the Treasury and Mortgage Rates Perspective, August 2019
In this “Treasury and Mortgage Rates Perspective, August 2019” timely whitepaper by Bill Berliner, Director of Analytics at Mortgage Capital Trading (MCT), Mr. Berliner explores the recent drop in Treasury and mortgage rates.
Mr. Berliner utilizes illustrative charts to discuss the historical context, how mortgage rates have performed, and why they have lagged the drop in Treasury yields.
Download the Treasury and Mortgage Rates Perspective, August 2019 Whitepaper
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About The Author – Bill Berliner
Mr. Berliner has more than 30 years of experience in the mortgage and MBS markets as an analyst and trader. He has extensive working knowledge of mortgage and MBS trading, hedging, structuring, valuation, and operations. Prior to joining MCT, he worked in risk management and systems development with Thomson Reuters, Kinecta Federal Credit Union, and Manhattan Capital Markets, and also owned his own consulting practice. He served as the head of Trade Strategies for Countrywide Securities until 2008, and also held senior positions with Nikko Securities and Bear Stearns. He has written extensively on the markets, co-authoring two editions of a textbook on MBS with Frank Fabozzi and Anand Bhattacharya, and has co-authored almost 20 book chapters and published articles.
Mr. Berliner holds BA and MBA degrees from Rutgers University. He is an active member of the CFA Society of Los Angeles, and is the society’s resident expert on MBS.
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