Panic In (Fed) Needle Park! Mortgage Purchase Applications INCREASE Despite Rapid Rise In Mortgage Rates (FEAR Of Further Fed Taking Away Punchbowl)
by confoundedinterest17 Today, the US Treasury 10-year yield exploded upwards by over 12 basis points. With it, the 30-year mortgage yield is above 5%. And MBA Mortgage Purchase Applications are actually increasing. Today’s bond market summary shows the 10-year Treasury yield …