Bond Yields Plummet

March 22, 2009 | 7 : 32 PM
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On Wednesday, Bond Yields plunged to their lowest level since September at 1.70%.  This is of course great news for Mortgage holders.  Bond Yields lead fixed rates, so if they are headed further down, then count on mortgage rates to follow.  In fact many lenders already have dropped their posted rates, and the special wholesale broker rates are also dropping.Stay tuned for more news on this as it develops

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