AgentIndustry News

Fed’s action finally expected to hike long-term rates

Economic slowdown 'nowhere in sight'
Published on Jul 18, 2005

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by CareyBot

Upward pressure on interest rates continued to build last week, although 30-year mortgages held at 5.75 percent. The all-important 10-year T-note maintained a tenuous grip below 4.2 percent, but more good economic news – or the Fed – could cause an upward break at any moment.

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