Mortgage Rates Jump

Thirty-year fixed mortgages jumped to 5.45 % last week, up from a low of 4.85 % in April and threatening to derail any economic recovery.   The yield on10-year Treasury notes jumped to 3.9% last week as inflation leary investors demanded higher yields.

In March, the Fed pledged to use up to $1.25 trillion to buy up treasuries and mortgage backed securities through quantitative easing, causing investors to fear future hyper-inflation.

Related posts:

1. 30 Year Mortgage Rates Fall Below 5%
2. Federal Reserve Move Lowers Mortgage Rates Below 5%
3. Freddie Mac Chief Says Mortgage Rates Near Bottom
4. Mortgage Rates Drop as Unemployment Rises
5. Higher Mortgage Rates Possible

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