News for hackers. Stuff that matters.
Re:Corporate Socialism: The Government Is Bailing Out Invest... by Donald on Thursday March 26, 2020 @08:43AM (#22692934)
Mortgage rates went up because 10 and 30 yr bond yields have spiked. Also, during the yield collapse a few weeks ago, banks got flooded by refi requests and it exhausted banks’ supply of available dollars for mortgages.
Re:Corporate Socialism: The Government Is Bailing Out Invest... by bubbleRefuge on Thursday March 26, 2020 @10:15AM (#22693755)
Banks have an practically infinite supply of money. They just issue it when they create loans. What they lack is the capacity to process the loans, not the funding.
Re:Corporate Socialism: The Government Is Bailing Out Invest... by blaser-waffle on Thursday March 26, 2020 @08:57AM (#22693058)
So... a run on the banks?