Mortgage rates rised more than one percent in June
Treasury International Capital (TIC) published
yesterday for June. China and Japan combined sold $42 billion of
treasury security, likely in response to Bernanke's talk of tapering QE.
The sudden rise of mortgage rates in June is certainly influenced
by the two big creditors of the US. World economies are so interlinked
today that policy coordination can not be over emphasized. We live in an