Industry NewsMarkets & Economy

The economy: You’ve got to admit, it’s getting better

Commentary: 'Mountains of IOUs' debunk conspiracy theories of inflation
Published on Feb 17, 2012

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by CareyBot

Gradually improving U.S. economic data and a Greek deal of some sort have relieved immediate financial fears, and so bond and mortgage rates have risen.

The rate increase is proportional to the relief. Ten-year Treasury notes have moved from 1.92 percent to 2.02 percent, and mortgages from just under 4 percent to just under 4.125 percent, roughly like your kid's fever dropping from 105 to 104.5.

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