Real estate rates ride energy-market roller coaster

Weak home sales, high gas prices cause distress

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

More than two weeks ago, in an apparently sustained and explosive rise, the 10-year T-note traded at 4.4 percent, and low-fee mortgages were 6 percent. Today, Treasurys reached 4.15 percent, and mortgages 5.75 percent.

There is no consensus explanation for the decline.

Yes, these are the quietest weeks of the year in the bond market (all the heavies are on Hampton beaches, kicking sand at lightweights), and weird stuff happens when nobody is home.