Bond Vigilantes Ride Again – CNBC.com

The 30 yr mortgage rate is rising above 5% again..Rickster lays down the case that quantitative easing is only effective very short term…

How about we make some use of Fannie and Freddie now that we own them and all, and have 3% mortgages bought by FAN/FRED…..HOLC HOLC Baby….

May 28, 2009. Tags: 7 Year Treasury Auction, Foreclosures, Housing, hyperinflation, Inflation, long end yield curve, mortgage rates, mortgage refinancing, Quantitative Easing, refi, Rick Santelli, Treasury Auction. Economy, Finance.