New Debt issuance and its effect on mortgage rates

[Justin Hanson]

Im no expert on fiscal and private debt but from what I have learned and observed this year, As the US treasury auctions off more and more debt this and fewer buyers to absorb it, the coupon is being bid up consistently with almost every auction. More debt will likely get issued this year, and next. With this in mind one could assume that we have probably yet to see a peak in mortgage rates? What other factors would contribute to rates rising or falling?