The Fed tightened another .25 percent, and mortgage rates are unchanged in the high fives. Ten-year T-notes, the market driver, have actually improved, down to 4.22 percent. Thus far, the Fed’s cumulative action has added .5 percent to the cost of America’s home equity lines of credit, but no one seems to mind.
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Inman Connect New York | January 29 - February 1, 2019