Month: June 2022

That Was Fast: 30-Year Fixed Mortgage Rate Spikes to 6.18{4e908c29df01d999f087e4f922633998e2ded1c72f05851cd6252034960daee5}, 10-Year Treasury Yield to 3.43{4e908c29df01d999f087e4f922633998e2ded1c72f05851cd6252034960daee5}. Home Sellers Face New Reality

Something has to give. And it’s going to be price. By Wolf Richter for WOLF STREET. The average 30-year fixed mortgage rate today spiked to 6.18{4e908c29df01d999f087e4f922633998e2ded1c72f05851cd6252034960daee5}, from 5.85{4e908c29df01d999f087e4f922633998e2ded1c72f05851cd6252034960daee5} on Friday, according to the…