AgentIndustry News

Resetting adjustable loans won’t hurt housing

Mortgage market commentary
Published on Nov 17, 2006

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by CareyBot

The 10-year Treasury failed again to break below the 4.53 percent bottom, a level tested again and again since September, so mortgages are stuck just above 6 percent.

This week's test and failure was different from the prior ones: the other rallies were broken by surprisingly strong economic data, especially the last two monthly payroll reports ...