Wednesday, June 5, 2013

Hale Stewart — Mortgage Rates Rise; Mortgage Bonds Drop

The Financial Times outlines the the potential problems: "The change could affect the US economy in two ways: by making new loans less affordable, it could damp the recent recovery in house prices; and it could reduce the number of Americans refinancing into cheaper mortgages, eliminating savings that have boosted consumer spending." 
Bonddad
Mortgage Rates Rise; Mortgage Bonds Drop
Hale Stewart



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