Mortgage Blog

We had bonds selloff May3rd and May 10th,
which caused the rate went higher. And then
another selloff later Tuesdays sent the rate
to the highest level of 2013.

This was supposed to be the trend in the next
a few years. And we were a little bit surprised
by the rate drops in the April. And the good news
is that the selffoff holds at a significant support
level, it suggests the rate will be stable in the
next a few days.

Will the rate revisit the recent lows? It is possible.
Depends on the picture of the job reports.