Resetting adjustable loans won't hurt housing

Mortgage market commentary

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

The 10-year Treasury failed again to break below the 4.53 percent bottom, a level tested again and again since September, so mortgages are stuck just above 6 percent.

This week’s test and failure was different from the prior ones: the other rallies were broken by surprisingly strong economic data, especially the last two monthly payroll reports.