2009-07-02 18:18
Big 10-Year Improvement
Freddie Mac reported in its Primary Mortgage Market Survey for the week ended July 2 that the average 30-year fixed-rate mortgage dropped 0.10 percent from the prior week. A benchmark for fixed-mortgage rates is the yield on the 10-year Treasury bond. The 10-year saw its yield decline around 17 basis points from a week earlier.
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