According to Freddie Mac, Mortgage rates have jumped from near-record lows in May to 4.4 percent last week on 30-year fixed loans, amid anticipation that the Fed will slow its purchases of securities backed by real estate later this year. The central bank probably will announce a reduction on Sept. 18, according to a report...
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Daily Market Review-20th August 2013
Wall Street continues its negative trend from last week to complete the longest sequential drops this year in anticipation for the publishing of last week’s federal bank meeting protocol. The USA bond market closed negatively and the 10 year yield on 10-year bonds rose by 0.05% to a level of 2.88%, after climbing to a...
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