🚨 YOUR MORTGAGE RATE HAS A GPU PROBLEM.
AI credit is officially big enough to spill into the broader cost of capital. Mortgage News Daily says recent improvement in mortgage rates has been driven in part by AI deleveraging concerns, while CoreWeave debt has recently yielded around 15 percent compared with roughly 8 percent for bonds secured by data center assets in the same ecosystem.
đź’° That spread is the story. Credit investors are separating corporate leverage from bankable infrastructure, and the projects with collateral, contracted revenue, strong counterparties and disciplined capital stacks are going to win.
🏠Meanwhile…
The skinny
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