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It is well known that the Federal Reserve in its three rounds of QE (and especially the first two) aggressively bought Treasury Notes and Bonds or collectively the ‘Long Bond’ of 10 Years and longer. But there has been relatively little discussion of what that means for such things as … Read entire story.
Source: Angry Bear
LULU Stock Breaks Out After Doubling S&P 500 Gains. Investor’s Business Daily Source link
WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in December, a sign that low mortgage rates have yet to coax more buyers into the market.
NEW YORK (Reuters) – Applications for U.S. home mortgages fell sharply last week as interest rates increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 9.2 percent in the week ended …