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April 19, 2005
Fed's Words Sooth Mortgage Market
The Fed reports are watched very carefully by the home mortgage markets. The most recent report sent the 10-year yield downwards.
Until the release of the open market committee's minutes, rates and yields had been flat for a week and a half, with the 10-year Treasury yield ranging from 4.44 percent to 4.50 percent. But when the minutes came out, the 10-year yield fell. Mortgage rates tend to move in the same direction as Treasury yields.
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Posted on April 19, 2005 12:37 PM by Mortga80.
Filed in Mortgage Calculator under mortgage rates.
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