'Synchronizing' of banks will result in rates hike

'The Fed will push up short-term rates, which will exert pressure on long-term ones'

Long-term rates found bottom late this week. The rebound is not bad — mortgages still close to 4.00 percent — but risks have tilted upward. The financial/economic world is odd enough today without unusual political intrusion, thus making it more important than ever to deconstruct events and pressures into separate components.