Mortgage Rates Jump Upwards

By:
MortgageLoan.com | Thu, 05/07/2009
Weak demand during today's treasury auction sends fear into the bond market, send mortgage rates upwards. Despite renewing confidence in economic recovery through most of the week, fear that weak demand for US debt and mounting federal deficits will take away US government options. Talk has been mounting around a treasury bubble and the inability of the US government to continue holding down mortgage rates--preventing a back-slide in financial services and economic crisis recovery.

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