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IPFS News Link • Housing

Mortgage Panic as Rates Rise: Inflation Scare or the Real Deal?

• mishtalk.com by mishgea

Because mortgage rates closely follow 10-year treasury rates, there is panic in the mortgage market, especially from buyers who have not yet locked in rates.

Trump Win Juices Mortgage Rates

The Wall Street Journal reports Trump Win Juices Mortgage Rates.

Mortgage rates have spiked in the wake of Donald Trump's election victory.

Average rates on 30-year fixed conforming mortgages hit 3.87% on Thursday, climbing a quarter of a percentage point since Tuesday's market close, according to MortgageNewsDaily.com, which tracks mortgage rates. That is the biggest increase in a two-day period since June 2013 when the Federal Reserve announced its plan to start easing its stimulus program, according to the site.


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