Iraq and housing's impact on economy

We're a day early because of a little local weather problem, but there's nothing in a second 3-foot snowstorm in one week to compare with the trouble brewing in the bond market.

The 10-year T-note blew above 4.7 percent this morning on generally healthy economic data -- that's up from the 4.43 percent low three weeks ago, and will shortly put mortgages at 6.25 percent and at risk for a sustained move upward.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.