Long-term real estate rates may have 'topped out'

Forecasters size up latest economic reports

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The 10-year T-note hovered near 4.35 percent this week, and mortgages have held their improvement to 6.125 percent, the best level since September.

The predominant bond-market bet is still placed on a slowing economy, but until a slowdown actually appears in the data it’s near impossible for long-term rates to do any better than they have. The Fed will on Feb.