With bonds selling off, it’s possible that the Fed could ease off their plan to increase interest rates this summer. If the 10-year treasury yield goes over 2.75% anytime soon, and the Feds continue to hint at tightening monetary policy, then a repeat of the 2013 hit to the housing market could be in store. Of course, while the Fed generally does a good job of telegraphing their moves, the bond market does not. And everyone knows that market timing is a fool’s game. Interest rates may be higher than they’ve been over the last year, but they’re still historically low. Waiting may be a risky bet.

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