Good morning,
The bond market continues to weaken. In fact, the recent move in the 10 Year Treasury is the biggest move in over 50 years.
Can we say volatility is back? Look at these two charts.
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| 6 Month Fannie Mae 3.5% Coupon Price |
and this one....
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| 6 Month 10 Year Treasury Yield |
Many have forgotten what market volatility looks like after the heavy-handed years of the Federal Reserve with their Quantitative Easing policy and actions of late.
Price stability is being sought and it still is too hard to say where it will occur.
So, we watch.
Mortgage rates continue higher in the meanwhile.
Mortgage rates under 4% are now gone and do NOT expect to see them again for years and likely decades to come.
Brett
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