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Mortgage rates' rise has led to wide gap with US bond yields

Por: WPLG Local 10 Politics December 29, 2022

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LOS ANGELES – Economists are baffled by a wider-than-usual divergence between long-term mortgage rates and the yield on the benchmark U.S. government bond that is driving a sharp rise in borrowing costs and helping to torpedo the U.S. housing market this year.The gap, or spread, between the 10-year Treasury yield and the average rate on a 30-year mortgage widened this year as inflation hit the highest level in decades and the Fed began raising... + full article



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