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rewrite: The pullback in bonds has sent yields to levels not seen since 2007. That has subsequently sent mortgage rates above 7% with many analysts
rewrite: The pullback in bonds has sent yields to levels not seen since 2007. That has subsequently sent mortgage rates above 7% with many analysts expecting rates to reach as high as 8%. Thats quite remarkable when you consider where rates were just a year and a half ago. At the same time, 8% for a mortgage is very much in line with historical averages; however, the velocity of the move higher has been dramatic
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