Thursday, May 30, 2013

Is This The Most Important Chart?

National mortgage interest rates have been rising fast. 30-yr fixed rate is up 50 basis points in the last four weeks, and is mostly the result of rising long-term U.S. Treasury yields. This development could impede the housing recovery, which could in turn slow down the economy, and therefore cause the equities to sell off, as I discussed in my post on May 12th.

click on charts to enlarge

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