The 10-Year Treasury yield shot way up today – unexpectedly. The reasons? Higher oil prices sparking inflation fears, and a move into stocks and out of bonds (flight from “safety” into “risk assets”). I bring this up because we have well over 100 borrowers in our database who easily qualify for no-cost refinances that would save them thousands of dollars – but they don’t want to execute because they are convinced rates will fall further. Sigh…Read More