Ep. 66 | Rates are Rising For Two Main Reasons

Mortgage rates continue to rise as bond yields rise across the globe. Robin Brooks wrote on his Substack that bond yields are rising for temporary reasons (Iran war) and for structural problems (rising debt issuance among almost all nations. The Wall Street Journal reports that Iran and the US are showing no signs of moving any closer to a deal to end the war. The UN announces slowing economic growth for the global economy. And pending home sales rise in April, but not as much as expected. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit wilmingtonmortgage.substack.com