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Mortgage Rates Highest Since 2013 Taper Tantrum: "It's Not a Drill, It's Panic"
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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