What Does 6% Mean For The Mortgage Industry?
BY DOUG PAGE, Staff Writer, National Mortgage Professional Magazine While all indications are that the Fed will raise the Federal Funds rate a half-point today — with a possible end result of 6% mortgages soon after — the pressure to do so increased, says one economist, when the yield on the 10-year Treasury bond went over 3% this week.
Source: nationalmortgageprofessional.com