With interest rates climbing over the past month, many analysts are concerned that a housing recovery will be delayed. Today we saw a strong sale of 30 year treasury bonds that seemed to offer a hint that perhaps we were seeing a leveling off on mortgage rates. The jobless rate remains the single largest obstacle to recovery in housing and the economy overall.
Here is a discussion from earlier today on CNBC that discusses the foreclosure activity and how interest rates may impact future activity.
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