So, the interest rate for U.S. mortgage borrowers is determined by London bookies? So it is, and for one more week. And the result, briefly, rising now: U.S. 10-year T-note to 1.55 percent and mortgages near 3.50 percent, both five-year lows (note that overseas money prefers Treasurys to mortgage-backed securities, the yield spread widening) …
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