Mortgage Rates Spiking

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rickets's picture
Status: Silver Member (Offline)
Joined: Jun 8 2009
Posts: 238
Mortgage Rates Spiking

Mortgage rates are spiking dramatically in the past week, on top of a dramatic rise in the past 6 weeks.  This, coupled with treasuries tanking, and municipal bonds at 18 month lows indicate all is not well.

Often, bonds and interest rates are leading indicators into major market moves.  Given the action in commodities today, looks like we might be at another interesting point in the economy.

As always, I am not suggesting anything will or will not happen - - just giving the heads up that there are events happening in the markets that increase the risk of violent reactions.

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