Why mortgage rates are rising
Commentary: To foster recovery, something has to give, but what?By Lou Barnes, Friday, August 17, 2012.
Two things this week: Explain the sudden rise in Treasury and mortgage rates, and then provide a simple tool for understanding budget issues in the election. Nuthin' to it.
In the last two weeks the 10-year T-note has run up from 1.45 percent to 1.85 percent, taking many mortgages from below 3.5 percent to above 3.75 percent.
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