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Surge May Show Up In Mortgages
The rise in credit market rates to levels unseen since 1986 signals higher mortgage costs soon. Analysts cite a weaker dollar, inflation fears, and bond-market spillovers pushing fixed-rate loans upward, with 30-year Treasuries above 9.4 percent and mortgage rates around 10.3 percent.
MENTIONED IN THIS ARTICLE
New York
U.S
Treasury
Federal Home Loan Mortgage Corp
John Tuccillo
National Association of Realtors
Tuccillo