Sunday, June 30, 2013
Rates to increase until 2017?
Chart here shows US 30yr bonds from inception a couple hundred years ago until now. The present price is certainly re-testing resistance and since bond prices are unlikely to rise from here, rates could be on their way up. Will this cause a global fall in house prices? Most frustrating for those who want to purchase a house. Certainly 5 or 10yr fixed mortgages look good at this point.