Loan Think

Of Jobs, Rates, and Home Buying

On Friday the government will release its new employment numbers for December and we'll see first hand if all this glowing economic optimism we've been hearing about is for real. Meanwhile the yield on the benchmark 10-year Treasury has fallen to a less frightful level (3.3%) and mortgage bankers are hoping (now cross your fingers) that come spring consumers will step up their home buying. Meanwhile, we keep hearing reports that even more community banks are jumping into the warehouse arena, the latest entrant being People's United Financial of Connecticut. People's recently hired Paul Best who ran warehouse finance at PNC Bank. PNC, for some reason, didn't like the business…

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