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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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At some point, rising rates will kill housing. Everyone is guessing where that point is.

Mike "Mish" Shedlock