The week in real estate rates
Bond market, Fed hikes paint picture of possible recession
By Lou Barnes, Monday, November 14, 2005.Mortgage rates stayed at their 2005 highs, just below 6.5 percent for the lowest-fee 30-year loans, but trading in the all-important Treasury bond market suggests that long-term rates may be nearing a top.
There were no market-moving economic data last week, but the Treasury had $44 billion in new bonds to sell at auction and the behavior of the bidders tells a tale.
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Copyright 2005 Lou Barnes
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