The 10 year Treasury (TNX) has yet to go into panic mode. That happens below 3%. But as I’ve said since 2007, we are Japan and mortgage rates will eventually be 2-3% before this cycle is finished…
This chart was drawn on June 8, 2010…
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the 2% mortgages will be very good for people, and I too believe they will be down to that level by the end of next year.
ten year treasury note is under 3% this morning…