A look back 30-year mortgages over the past five years makes the recent rate spike look more...

|By:, SA News Editor

A look back 30-year mortgages over the past five years makes the recent rate spike look more like a "normalization," Paul Kedrosky maintains, "with rates heading back to something more like 'normal' levels." Yes, it's been a fast bounceback, but "attributing it all to the arrival of the fabled bond vigilantes seems more than a little breathless."