Mortgage rates rise sharply after three weeks of easing

Posted on AllSides June 1st, 2022
From The Center
David Paul Morris | Bloomberg | Getty Images

Mortgage rates rose sharply this week, after pulling back over the last three weeks.

The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News Daily. Volatility in global markets Monday sent bond yields higher. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury.

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