Friday, Jun 08, 2007
Mortgage Rates Bound to Rise - Whatever BoE Does...
Financial Times: Markets regain poise after bond rout
The markets are in the throes of a mini-market meltdown right now. Bond markets have caught a cold this week and now seem to be passing it on to stocks. Where do mortgage lenders get their money from? The markets think that money is too cheap and the era of easy money is over......
Posted by graham s @ 10:34 PM (134 views) Add Comment
4 Comments
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1. Orwell said...
I thought Poise were incontinence pants?
2. Blindleadtheblind said...
Biggest news of the year...suddenly a long trend is broken and all rates heading higher. Hold on to your hats, from here it gets wild.
3. Whiteknight said...
What always happens these days. Soon (and oh my god - how we wait for these idiots in the financial markets to wake up and smell the caffine) the market will simply make the decision on their behalf.
4. Orwell said...
Maybe the City is wetting itself?????