Rising rates may be a sign of an improved economic outlook, but this won’t help: 30-year mortgage rates just hit a four-moth high according to Zillow (via PragCap).
This might be seen as a failure of the Fed, but then, they are purposely not buying many long-end Treasuries, so this can’t be too surprising to them.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.