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Mainland Chinese investors accounted for a smaller percentage of Hong Kong’s new home sales for a second quarter as the nation’s banks tightened lending while local buyers returned to the market,
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This isn’t a big deal or the source of a major change in rate momentum–just evidence that mortgage rates could eventually move a bit lower if current trading levels in Treasuries can be sustained.
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That argument falls flat as more and more debt around the world falls into one bearing negative interest rates. There is now a Danish bank offering negative mortgages. September and October are not.
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