Watching rates? I hope you like roller coasters!

It’s pretty clear that investors do not have confidence of ANY position the bond markets take.  When rates are too high, investors buy the bonds because they think their cheap, but follow the activity with selling the second bond pricing starts to rally.

At least we haven’t seen continued increases, if you want to focus on the positive aspect.  Adjustable rate programs have also increased but marginally compared to the fixed loan rates.

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