Is this the End of Low Mortgage Rates in Phoenix?

by Steve Heideman on April 6, 2010

Notes on today’s market update:

Rates up. The fed stopped purchasing and we dropped 141 basis points. We should expect more instability and then stability in the market due to 2 reasons. 1) there will be an auction of long term t bills tomorrow and thursday and 2) the fed may start to sell what it already owns. Staying in place isn’t likely the best option – as rates are going up!