On December 5th, I said that 30-year mortgage rates are likely to fall to 4.5% within the next year. Although I didn't know it at the time, Bond investment guru Bill Gross seems to agree with me. In a CNBC interview on December 3rd, he made essentially the same prediction.
By the way, since then, the yield on 10-year Treasurys has fallen another 0.3 percentage points, and now stands at around 2.4%.
Friday, January 9, 2009
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