Industry News

Treasury yields, hedge fund woes may send mortgage rates up

Bear Stearns creditor seizes $800 million in bonds as collateral
Published on Jun 21, 2007

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by CareyBot

Mortgage rates are expected to push higher after Tuesday’s surge in yields for 10-year Treasury notes and news that two Bear Stearns hedge funds that invested heavily in bonds backed by subprime mortgages may be near collapse. The yield on ...