Ten yr. closed at 2.92%
A few more days of 3% losses for the SM and I wonder if the Fed decides to pause?
Fed meeting is slated for Dec. 18-19th, so that gives punters a couple of weeks to create havoc.
Either way I gotta think that the SM tanks even harder if they raise at the next meeting.
The impact on housing is already being felt in the big metro areas and CA. statewide.