Get to know the feeling of liberation and relief
--Crowded House
A couple months back I locked in a 15 yr fixed mortgage at 4.625%. Today's 15 yr fixed quote on bankrate.com is nearly 5.4%. Nearly 80 bips higher and at 6 month highs.
Certainly a headwind for any recovery in the housing sector.
After some tough auctions this wk, yields on the 10 yr are just south of 4%.
Looks like the Fed needs to hoover up more bonds. Ooops, the soft USD may be sensing such.
Once again, the set up demonstrates a key problem with trying to print your way out of a debt problem.
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uNKqIqsjHE8MCzQAZflpEsg4m8b2cKlzsWQUNEpEXAEMPwjAGPQcuc51tOhdYaEjb0ndqs5Zc7iTJVXhKCkWmf2Wyo2Ez9PSzyL4ztps9-481Ma-y8jsx_rW1pE7IhMjbOyg=s0-d)
1 comment:
I feel some Fed/Treasury monkey business in the MBS markets coming on.
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