January 30, 2015
Fed affirms plans for rate liftoff, but mortgages are another story
First the facts, then the ponderables. Long-term U.S. interest rates fell again today, now to a 20-month low. The 10-year T-note broke through the 1.7 percent prior low to 1.66 percent, down from 1.85 percent on Monday and from 2.3 percent in Christmas week. Meanwhile, on Wednesday the Fed affirmed…
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