[mEDITate-OR:
not see the Shiites running down hill...
Step One =
the yield on 10 year TBills drive/set the RE mortgage interest rates for U.S.
They dropped today..., a lot.
Step Two =
The drop in TBills this week will drop FMac's RE mortgage rates next week.
Step Three =
The increase in mortgage lending applications will occur the following week.
So...
If both reported apps are up, and rates are down..., now.
they SHOULD get better next week.
We - you and U.S. - will see what we see..., then.
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Treasurys soar on 'panic buying spree'
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Mortgage Rates Dip to Six Week Low
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Mortgage Applications up This Week, Refinance Activity Down
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