AgentIndustry News

Economy screams, real estate rates climb

Home-price slowdown could make big splash
Published on Dec 5, 2005

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by CareyBot

Long-term rates rose last week as healthy economic data undermined ghoulish bond-market hopes for an economic downturn.

The 10-year T-note could not hold its pre-Thanksgiving rally to 4.4 percent and is now back above 4.5 percent; that trade eliminated the chance for mortgage decline toward 6 percent. Fixed 30-year deals are now back at the 2005 high, 6.375 percent.

Despite these retracements, the "topping" pattern in long-term rates is still in place ...

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