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Friday, September 13, 2019

"Mortgage Rates' Week Goes From Bad to Worse"

by Calculated Risk on 9/13/2019 05:21:00 PM

From Matthew Graham at MortgageNewsDaily: Mortgage Rates' Week Goes From Bad to Worse

Mortgage rates were already having their worst week since 2016 as of yesterday afternoon. Rather than help to heal some of the damage, today's bond market momentum only made things worse. Whether we're looking at 10yr Treasury yields a broad indicator of longer-term rates or average mortgage lender offerings, this week now ranks among the top 3 in the past decade in terms of the overall move higher. At this point, we'd have to go back to the trauma of 2013's 'taper tantrum' to see anything bigger. [Today's Most Prevalent Rates 30YR FIXED - 3.875%]
Mortgage Rates Click on graph for larger image.

This graph from Mortgage News Daily shows mortgage rates since 2014.

This graph is interactive at the Mortgage News Daily site, and you could view mortgage rates back to the mid-1980s - click here for graph.