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Mortgage rates are generally tied to the yield on the 10-year bond. As bond prices decrease, the yield increases, as the coupon is fixed.
Blame it on the bond market, not the Fed.
10-year hitting 5.25 today … wish I’d bought some SRS at COB Friday. Condolences to those that own REITs or utilities today.
Oops – didn’t realize editing the post would move it down in the list. Sorry about that.
Alex- Doesn’t look real likely at this point.
