While there may be some more deleveraging and volatility here both to the upside and the downside moderately, the dollar is showing a propensity for strength and bullish behaviour and the EURO the opposite. The dollar could continue its consolidation here for another 10 to 20 cents but looks set to resume its advance - possibly starting strongly sometime as soon as tomorrow.
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
3 hours ago