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Home>Opinions and Analysis>Mortgage Rates Highest Since 2013 Taper Tantrum: "It's Not a Drill, It's Panic"

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Mortgage Rates Highest Since 2013 Taper Tantrum: "It's Not a Drill, It's Panic"

IMG Auteur

Mish

Global Economic Analysis

Published : May 17th, 2018

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Category : Opinions and Analysis


	Mortgage rates are the highest since September 2013. If this level breaks, next target is February 2011. Mortgage News Daily notes Mortgage Rates Jump to 7-Year Highs. Loan Originator Perspective "This is not a drill, it's an imminent panic." Ted Rood, Senior Originator "We are now locking at origination until further notice." Al Hensling MND perspective: "While we may see periodic corrections to the broader trend toward higher rates, it's safer to assume that broader trend can and will continue." At some point, rising rates will kill housing. Everyone is guessing where that point is.

Source : www.themaven.net

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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