Open Thread

It's just not coming to pass. The Fed has been indicating, ad infinitum, that rates will rise. The market took 10 year and 30 year rates up over the past week or so all to no real deleterious effect. Sure, REITs and utilities and other interest sensitive securities have sold off but hardly a crash.

And now, with rates having risen, as I always predicted, both mortgage and refi applications are soaring…

http://www.cnbc.com/id/102746711

Discuss if you are not banned.

Maple stuff.