The jump in rates has continued, and with it deepening confusion

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Last week I thought the rise in long-term rates was overdone and had a chance to reverse. Oops! The jump in rates has continued, and with it deepening confusion. In just six weeks, the 10-year T-note has moved from 1.9 percent to 2.4 percent today, mortgages from 3.75 percent close to 4.25 percent.