Rising Mortgage Rates Should Incentive D.C. To Stop Spending

Frida Ghitis: Mortgage rates rose as Federal Reserve cut interest rates, but mortgage rates rose again.

She says it's hard to divine a single factor behind the moves of myriad participants in a marketplace.

Ghitis says the rise in bond yields, and mortgage rates, occurred before the election — but began in October , as a Trump victory became more likely.

She asks whether the nation’s fiscal situation has attracted the focus of the bond market, Ghitis writes.

The solution to this quandary should not come via more market interventions by the Federal Reserve , she says.