What is the swap rate?
An interest rate swap is a contract in which two parties are trading a fixed-rate and variable-interest rate. Essentially, this contract converts a variable-rate loan into a fixed-rate loan. [...]
Lender Spotlight: Voya Financial
PSRS recently spoke with Jared Schlosser, Loan Officer at Voya Financial, and asked him a few questions about his thoughts on interest rates and the market in the next couple of years. He also [...]
Mortgage Banker Spotlight: Seth Ludwick
Seth joined PSRS in 2009 and became a Principal in the Santa Barbara office in June 2017. Seth attended Wake Forest University for his undergraduate studies, where he received a Bachelor of Art [...]
What is the treasury yield?
The return on an investment in U.S. government debt obligation, such as a bill, note or bond is referred as to as the Treasury Yield. Essentially, it can be thought of as the interest rate the [...]
Top Takeaways from CREF 2019
PSRS made their way down to the MBA CREF Convention this past week in San Diego, CA and outlined a few takeaways from the conference:
