AgentIndustry News

Fed ponders risks of deep economic slowdown

Mortgage market commentary
Published on Oct 13, 2006

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by CareyBot

All long-term rates this week rose a quarter-point from the end-of-September lows: the 10-year T-note's jump from 4.54 percent to 4.81 percent has taken 30-year mortgage rates to 6.375 percent.

Incoming data are too healthy to support a further decline in rates, or even a return to September lows. The economy has decelerated, but bonds need the prospect of a deeper slowdown underway -- slow but steady won't get it done ...