Are Banks and housing about to get crushed by Rising Rates?.


The evidence is everywhere:
mortgage rates are at a two-year high,applications have fallen for four straight weeks after climbing for more than a year,and fed chairman Ben Bernanke says he would have to “push back”if the impact of rising interest rates were jeopardizing the recovery.

As my co-host jeff macke and i discuss in the attached video, the quetion is whether this short-term repulsion is the start of something bigger or simply an understandable reaction to a volatile market.

For those hoping for answers from the bank earnings out this morning,it appears that the jury is still out on that front too.