Bond Auction Disappoints; Long Bonds Tank. (What It Means for REALTORS & Buyers)

I think we will see under of summer rate start to climb quickly

Good post, this is something buyers need to be aware of.

I will be shocked if the Fed steps in and buys again.

Not sure why we wouldn't think our government wouldn't intervene? They seem to like spending our money on everything else...this I just might agree with.

Great heads up thanks for posting the info I'll call a couple of buyers that are sitting on the fence.

This is a good heads up!  I figured these low interest rates wouldn't be here long. 

Interesting information -- will pass along to buyers -- thanks. Hope all is well with you and yours there in Tuscon.

Thanks for the heads up on that. I have told quite a few of my clients this week nearly the same information on rates. LOCK IT if you can.

Hi Mike: One word Yick.  I wouldn't be surprised to see some more follow through next week with the bonds edging up (in yield) again.

:)

While we might not want to see the rates go back up, it might be just the 'news' that will inspire those sitting on the fence to go ahead and make their purchases.  Some people just don't realize how much a rate change can impact their monthly payment.

GOOD AFTERNOON MIKE!  I would like to re-blog this and hopefully it will light a fire under some of my Buyers! Thanks for the note yesterday and soon as I can wrangle Laural we'll come by! -- Gab

Interestingly enough, I sort of felt that interest rates would begin to inch up by this Summer.  It looks like I may not have been too far wrong from that.

Mike,

Good advice for the buyers to be aware of! It appears interest rates always escalate during the summer...still holding true!

News that's good to know -- I've reblogged. But why do you think the bond market did this? And why won't the gov't buy -- didn't they commit to keep buying through the end of June, or was that something else?

Hi Mike, thanks for the info....do you re-visit you posts to answer ???'s  Guess I'll find out as I'm asking if this is a trend you expect to continue.  Thanks, have a super weekend.

Hi Mike, Hope all is well at your household. I was just reading a post from Mirela and commented on one thing we can count on. Nothing. Because the real estate and mortgage markets can pack a punch overnight. We've seen it before and this market will eventually do it too. We just don't know which day. kate ford

Mike  We knew the shoe would drop - now we know it won't be long,  Karen

Mike - You haven't posted in a few days.  I know your wife wasn't well a few days back.  I certainly hope things are well with her, and with you!

Mike -- I hope things are ok. Miss your posts. The loans I'm waiting on from other lenders to close my listings are not coming through on time -- what's happening in the mortgage market?

Checking back to see how things are. Hope to see another word or two from you soon. And, of course, a great picture.

Mike? Sending well wishes to your household. kate ford