AgentIndustry News

Real estate rates ride energy-market roller coaster

Weak home sales, high gas prices cause distress
Published on Aug 29, 2005

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by CareyBot

More than two weeks ago, in an apparently sustained and explosive rise, the 10-year T-note traded at 4.4 percent, and low-fee mortgages were 6 percent. Today, Treasurys reached 4.15 percent, and mortgages 5.75 percent.

There is no consensus explanation for the decline.

Yes, these are the quietest weeks of the year in the bond market (all the heavies are on Hampton beaches, kicking sand at lightweights), and weird stuff happens when nobody is home.

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