CR has the scoop on nationwide May foreclosure activity:
“May foreclosure activity was the third highest month on record, and marked the third straight month where the total number of properties with foreclosure filings exceeded 300,000 — a first in the history of our report."(Local Trustee Sales Notices here).
He also has a posting on mortgage rates and the 10 year yield:
"Using their tool, with the Ten Year yield at 3.99%, this suggests that 30 year mortgage rates will rise to 5.8% based on the historical relationship between the Ten Year yield and mortgage rates."6% is where we were at the end of last summer.