Mortgage Rates moved significantly higher today, relative to recently narrow ranges. It's enough to bring the most prevalent conventional 30yr fixed quote back up to 3.5% (from 3.375%) on top tier scenarios. While that might now sound like a lot in and of itself, the risk is that it's the beginning of bigger move that could take months to fully play out. Of course, if we knew that would happen, then rates would be moving a lot higher right now. For now, all we have is elevated risk--a call to battle stations, if you will. It could turn out to be a false alarm, but only time will tell. The source of today's panic is speculation that Europe is getting closer to its own version of "tapering." This refers to the gradual reduction in the amount of bonds being purchased by central banks. In the US
from
http://www.mortgagenewsdaily.com/reports/newsletter/2016/10/4/2427
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