The Fed's Rate Hike Was Not Expected

The bond market was not expecting it. There was a very low probability. The larger probability that if the bank had a mood, it was probably going to be in July. They may have been give us a bit of a preview here in June. So I think we're going to see another re pricing potentially after this move,. given where yields have gone. We're getting close to highs of about the fall of last year when mortgage rates, like your five year fix would have been like five and a half. And we might just get there in the next couple of weeks if this continues.