AgentIndustry News

Flat home prices perfect for economic shock

Mortgage market commentary
Published on Jun 1, 2007

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by CareyBot

After a pause early this week, long-term rates have resumed a quick run to the highest levels since last summer. Mortgages have departed 6.5 percent for higher ground, taken by the 10-year T-note almost reaching 5 percent at one point this morning, up from 4.6 percent trading only three weeks ago.

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