--- title: Two Big Things Moving The Market description: "The recent pause in rates higher could be just that: a pause. As economies reopen, we should expect rates to continue to increase over time." image: https://www.carringtonwholesale.com/wp-content/blogs.dir/2/2021/03/Market-Trends_2021.03.15.jpg --- [Skip to content](https://info.carringtonmortgage.com/knowledge-base/two-big-things-moving-the-market#main-content) ![bell icon](https://info.carringtonmortgage.com/hubfs/raw_assets/public/Templates/2022/svg/Alert-Notifications-Icon.svg) [![Carrington Mortgage Services](https://info.carringtonmortgage.com/hs-fs/hubfs/carrington_logo_final_2col_rgb.png?width=250&height=57&name=carrington_logo_final_2col_rgb.png)](https://www.carringtonmortgage.com) - [About Us](https://www.carringtonmortgage.com/our-mission) - [Careers](https://www.carringtonhc.com/careers) - [Investors](https://www.carringtonhc.com/investors) - [Contact Us](https://www.carringtonmortgage.com/contact-us) [Recent Transfer](https://www.carringtonmortgage.com/new-customers) [Customer Login](https://www.carringtonmortgage.com/login) MAKE HOME WORK Manage My Home arrow-down-anticon/submenu Manage My Mortgage arrow-down-anticon/submenu Learning Center MAKE HOME WORK Manage My Home arrow-down-anticon/submenu - I Am Ready to Start - [Buy a Home](https://www.carringtonmortgage.com/home-loans/buy-a-home/check-existing-customer) - [Refinance My Home](https://www.carringtonmortgage.com/home-loans/refinance-a-home/refinance-step) - What Loan Is Right For Me? 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Let’s break down two big things moving the markets. **More, More, More** 1. This past Wednesday, Congress passed a whopping $1.9T stimulus plan. “How did the markets like it?” They loved it! The Dow Jones hit an all-time high, closing above 32,000 for the first time. Interest rates typically move higher when stocks soar, but not this week. Bond prices were able to pause their recent decline, giving lenders a break from the recent spike higher in home loan rates. The $1.9T plan is expected to help the economy recover more quickly than previously expected, but it also carries two concerns for the bond market and interest rates. One is inflation. We are already seeing inflation expectations for the next ten years hit the highest levels since 2014. Throwing large amounts of money onto an economy that is already doing well where states are open, could elevate inflation further which means rates will be pressured higher again. The other concern is all of this stimulus, now $5T since the start of COVID, must be paid for by selling new bonds in the market. Who is going to purchase all of this debt? And at what price? These are questions that will be answered over time. **Cure for Higher Rates Is Higher Rates** 2. The 10-Year Note yield hit 1.60% recently, and that level has been a ceiling for the Treasury market, meaning that level has kept rates from moving higher still. With the recent uptick in rates, the U.S. has attracted foreign investments from around the globe as our anemic Treasury yields are relatively attractive to other sovereign yields. If you look at the 10-Year German Bund yield at minus 0.33% or the 10-Year Japanese Government Bond at 0.10%, it is no wonder foreign investors jumped into the U.S. bond market of late, purchased our 10-Year Note and thereby helped pause the increase in rates here. Bottom line: The recent pause in rates rising, could be just that: a pause. As economies reopen, we should expect rates to continue to increase over time. ## Related Articles [![](https://info.carringtonmortgage.com/hubfs/Market%20Trends%20BLOG_020224.jpg)](https://info.carringtonmortgage.com/knowledge-base/rates-improve-to-finish-january) [Work Trends](https://info.carringtonmortgage.com/knowledge-base/tag/work-trends) ### [Rates Improve to Finish January](https://info.carringtonmortgage.com/knowledge-base/rates-improve-to-finish-january) This past week the Federal Reserve paused a hike of rates for the fourth consecutive time. Interest rates ticked down to the best levels in nearly a month. Let's discuss... [CMS Marketing](https://info.carringtonmortgage.com/knowledge-base/author/cms-marketing) [Read More](https://info.carringtonmortgage.com/knowledge-base/rates-improve-to-finish-january) [![](https://info.carringtonmortgage.com/hubfs/MicrosoftTeams-image%20%2831%29.png)](https://info.carringtonmortgage.com/knowledge-base/a-pause-in-the-action) [Work Trends](https://info.carringtonmortgage.com/knowledge-base/tag/work-trends) ### [A Pause In The Action](https://info.carringtonmortgage.com/knowledge-base/a-pause-in-the-action) As summer nears the end, home loan rates took a pause on their recent uptick. Let's discuss what happened and look at the important week ahead. 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