Rates up again. The 10-year T-note on Friday was 4.6 percent, up .25 percent in two weeks, the driver behind the rise in mortgages from just above 6 percent to just above 6.25 percent.

The driver behind the 10-year is a matter of debate and some mystery.

All through this sharp rise in long-term rates — now on a par with the post-2001 highs — the bond market has behaved worse than the economic data would indicate.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top