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Mortgage Rates hurt by Taper Talk

August 19th, 2013 5:11 PM by Jonathan White

Last week, a broader consensus formed that the Fed will begin to taper its bond purchase program in September or October, and investors reacted by selling US stocks and bonds. The US economic data released last week provided little reason for the Fed to wait, and the European data showed unexpected strength. As a result, mortgage rates ended the week higher.
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Posted by Jonathan White on August 19th, 2013 5:11 PM

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