Yields Coming Down
July 30th, 2007
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The treasury market has seen a big drop in yields. The 10-year which affects mortgages and CDs more than anything else has dropped over 30 Basis Points, currently at 4.77%. Good for mortgages, not so good for CDs.
The CD rates have come down, but thankfully only 10 – 15 Basis points. At this point there aren’t many 5.50% APR rates out there.
cd :O)
-- By Chris Duncan
