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."

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

Mike "Mish" Shedlock