AgentIndustry News

Iraq and housing’s impact on economy

Mortgage market commentary
Published on Dec 28, 2006

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by CareyBot

We're a day early because of a little local weather problem, but there's nothing in a second 3-foot snowstorm in one week to compare with the trouble brewing in the bond market.

The 10-year T-note blew above 4.7 percent this morning on generally healthy economic data -- that's up from the 4.43 percent low three weeks ago, and will shortly put mortgages at 6.25 percent and at risk for a sustained move upward.

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