Mortgage rates in big trouble

By Matthew Graham | Mortgage News Daily

Mortgage rates are in big trouble. Whatever you’ve read about the current spike so far today, you’ll probably need to double it after today’s bond market movement. Why? Because most news stories on rates haven’t yet accounted for today’s bond market movement! The most prevalent source material is Freddie Mac’s weekly survey which generally tracks lender quotes from Monday and Tuesday of any given week. The survey showed a 0.07% jump week over week.

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