Mortgage rates rise sharply after three weeks of easing
Posted on AllSides June 1st, 2022
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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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