Living in a 3 Percent World - Presented by: The Aol. On Network

The benchmark Treasury bond that banks use to set lending rates shot up to its highest level in more than two years, just shy of the psychological 3 percent level. That means borrowers in what we'll call a "3 percent world" will be dishing out more in interest payments. Polyana da Costa is a senior mortgage analyst at Bankrate.com. "Homeowners would definitely get hurt the most because of the rise in the 10-year Treasury yield because mortgage rates follow the 10-year very closely."



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