FL Mortgage 10 Year Bond Rate Update 7.8.11

Looking at the back up in rates this week one would normally ask is the recent rate rally over? I think that we are going to see lower rates from here based on continued weakness in the economy. Friday’s employment report from the BLS was a train wreck! If the budget deal gets done this week, stocks should soar but I am not sure even a rising stock market will keep bonds from heading higher and rates lower.

Rate rally hits the pause button

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