THE BEGINNING OF THE END OF LOW RATES?

Today’s Auction results reiterated yesterdays bleak results.  All this just days ahead of the end of the FED MBS Purchase Program.  In the last 24 Hours we have witnessed Mortgage Rates increase over .25% with repricing for the worse still trickling in. If the Auctions are producing this type of negativity what will rates do a week from today?

Treasury Sees Another Weak Auction as Supply Issues Loom

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