trends: Mortgage Rates Surge Higher
- 06/12/07 01:29 PM
Given the prospect for further rises in rates, borrowers holding ARMs may be well advised to heed our refi advisory. A light economic calendar, a stock market which seems to have topped out for the moment, and a late-week selloff in the Treasury market -- which pushed 10-year Treasury yields to five-year highs before falling back by week's end -- all contributed to the increase in mortgage rates, particularly this week. As has been the case over the last couple of weeks, economic news has been mixed, but flashes of stronger growth have become clearly evident. Dallas loan Officer Jeff Schraeder Imperial Mortgae … (2 comments)
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Given the prospect for further rises in rates, borrowers holding ARMs may be well advised to heed our refi advisory. A light economic calendar, a stock market which seems to have topped out for the moment, and a late-week selloff in the Treasury market -- which pushed 10-year Treasury yields to five-year highs before falling back by week's end -- all contributed to the increase in mortgage rates, particularly this week. As has been the case over the last couple of weeks, economic news has been mixed, but flashes of stronger growth have become clearly evident.
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