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The Key Bond Rate That Affects Mortgages
Dated: September 27 2018
More bad news coming for the real estate industry...
The 10-year Treasury yield, which influences mortgages and other business and consumer loans, looks set to break higher, strategists say.
The Fed is meeting Tuesday and Wednesday and is expected to raise rates by a quarter point, but it is the Fed comments that could determine how much yields move higher.
Strategists do not foresee runaway yields, but they do say the 10-year could head into higher territory.
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