Rates rise as bonds fall

Today the jobs report came in much stronger than expected fueling fears of inflation and sending the bonds lower. This pushed yields higher which of course has affected interest rates for mortgages negatively. They are sharply higher this morning and are expected to increase steadily over the next week. This could easily pour cold water on any heat the summer real estate market might experience. Keep an eye on the bond rates over the next few weeks. They will be an early signal to how the real estate market will do this buying season.

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