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Fixed-Mortgage Rates Spike This Week On Treasurys Sell-Off
FXstreet.com The Foreign Exchange Market, Spain Long-range fixed mortgage rates surged this week, following the recent yield gains on similar-length Treasurys, pushing the average rate on 30-year fixed-rate mortgages above 5% and reaching a six-month high, according to Freddie Mac's (FRE) weekly … |
In the UK the governments attempt so far of quantitiative easing has failed and as a result mortgage rates are continuing to rise. It appears that this may be an ongoing trend as the money is not going where it is supposed to.