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Mortgage Rates Highest Since 2013 Taper Tantrum: “It’s Not a Drill, It’s Panic”

by Mike ‘Mish’ Shedlock

Mortgage rates are the highest since September 2013. If this level breaks, next target is February 2011.

Mortgage News Daily notes Mortgage Rates Jump to 7-Year Highs.

Loan Originator Perspective

– “This is not a drill, it’s an imminent panic.” Ted Rood, Senior Originator
– “We are now locking at origination until further notice.” Al Hensling

MND perspective: “While we may see periodic corrections to the broader trend toward higher rates, it’s safer to assume that broader trend can and will continue.”

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