Tuesday, May 15, 2018

"Mortgage Rates Jump to 7-Year Highs"

by Bill McBride on 5/15/2018 04:29:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Jump to 7-Year Highs

Mortgage rates spiked in a big way today, bringing some lenders to the highest levels in nearly 7 years (you'd need to go back to July 2011 to see worse). That heavy-hitting headline is largely due to the fact that rates were already fairly close to 7-year highs, although today did cover quite a bit more distance than other recent "bad days." [30YR FIXED - 4.75-4.875%]
emphasis added
Here is a table from Mortgage News Daily: