Financial markets suddenly seem oddly and seriously unsettled. Mortgage rates and treasuries yields are spiking while foreclosures and unemployment soars.
Mortgage rates rise fast and hard, resulting in many mortgage applications in the pipeline getting blown out of the water.
Treasury yields spike. World markets freak
Mortgage delinquencies and foreclosures at record levels
GM to file bankruptcy. This is a seriously big deal.
Unemployment continued claims also at record level.