Markets & Economy

Mortgage rates hit 2014 low on bizarre sequence of events and economic data

Interest rates are going to stay down until wages turn
Published on May 2, 2014

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by CareyBot

A bizarre sequence of events and data has taken bond and mortgage yields to their lows of the year, the 10-year Treasury note 2.58 percent and mortgages near 4.5 percent. Ukraine is the largest immediate force pushing down on rates, ...