Saturday, August 17, 2013

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 interdependent world.

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