July 30th, 2007
The treasury market has seen a big drop in yields.? The 10-year which affects mortages 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.
-- By +Chris Duncan