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Rates Skyrocket 6-21-2013

Thursday, June 20, 2013 - Article by: Kiernan - The Mortgage Advocate - Message

The quote below is form an article on MSN Money page. Us treasuries leapt ahead yesterday from 2.18 to 2.32, and today they sky rocketed to 2.42. Rates have reached a two year high over the last month. 2nd mni housing bubble will pop soon.

"There's money leaving the market from people who were convinced that the rally has been mostly attributable to the Fed, and the rise on the 10-year yield is a concern since it happened so quickly," he said. "It's too early to say whether this represents a buying opportunity or if the weakness will continue."

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