Mortgage Rate Trend Index Up: Nov. 25, 2015
Will rates go up, down or remain unchanged?
Senior loan officer, AMC Lending Group, Irvine, California
Tuesday pricing of bond 2.23%, not much really happening on the bond front on 10-year Treasuries. The action is in 6-month and 2-year notes, really showing that the first rate hike is coming in December. The 2-year's pricing is at 0.093% -- well above the key 0.80% line needed for the first rate hike. Don't expect a rate hike to send long-term rates rising too high. Major demographic deflationary factors around the world are keeping a lid on total inflation from rising.
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