10 Year Treasury Rate Goes Under 50 Day Moving Average
Yesterday, after the Fed decided to buy more United States debt, the interest rate on the 10 year treasury rate plummeted almost 5%. This is great news for those of you who are in the process of buying a new home or refinancing. It is likely that we are going to see mortgage rates much lower now that the Federal Reserve continues to step in to push mortgage rates lower. Eventually this is going to come back to haunt the United States government but for now the Fed thinks they can spend themselves out of this recession.
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